The Fitzgerald Company maintains a checking account at the Bank of the North. The bank provides a bank statement along with canceled checks on the last day of each month. The October 31, 2016, bank statement included the following information: Balance, October 1, 2016 $ 32,680 Deposits 85,500 Checks processed (74,700) Service charges (340) NSF checks (1,590) Monthly loan payment deducted directly by bank from account (includes $390 in interest) (3,290) Balance, October 31, 2016 $ 38,260 The company's general ledger cash (checking) account had a balance of $42,525 at the end of October. Deposits outstanding totaled $4,214, and all checks written by the company were processed by the bank except for those totaling $5,610. In addition, a check for $490 for the purchase of office furniture was incorrectly recorded by the company as a $49 disbursement. The bank correctly processed the check during October. Required: Prepare a bank reconciliation for the month of October