The following information was taken from the bank reconciliation for Mooner Sooner Inc. at the end of the year:

Bank balance: $8,200

Checks outstanding: $7,600

Note collected by the bank: $1,300

Service fee: $29

Deposits outstanding: $5,300

NSF check (bad check) returned for $340

What is the correct cash balance that should be reported in Mooner Sooner's balance sheet at the end of the year?

$5,900

$5,871

$7,860

$9,160