The following data were accumulated for use in reconciling the bank account of Rae Co. for March 2014 i. The cash balance on the company's books at March 31 was $26,745. ii. The cash balance according to the bank statement on March 31 was $26,525. iii. Outstanding checks totaled $11.600 iv Deposit in transit were $12,400 A check written by Rae to a vendor for $470 was accidentally recorded by Rae in its book as $740. vi. The bank statement showed a debit for fees for the month of $240. The adjusted bank balance on Rae's bank reconciliation would be? 1. $28,425 2, $26,825 3, $28, 155 4. $27,915