the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $9,890. b. A deposit of $8,050, representing receipts of May 31 , had been made too late to appear on the bank statement. c. The bank had collected for Brentwood Bike Co. $4,260 on a note left for collection. The face of the note was $3,930. d. A check for $270 returned with the statement had been incorrectly charged by the bank as $720. e. A check for $970 returned with the statement had been recorded by Brentwood Bike Co. as $790. The check was for the payment of an obligation to Adkins Co. on account. f. Bank service charges for May amounted to $60. g. A check for $980 from Jennings Co. was returned by the bank because of insufficient funds. 3. If a balance sheet is prepared for Brentwood Bike Co. on May 31 , what amount should be reported as cash