The following information was taken from the bank reconciliation for Ginger, Inc. at the end of the year: Bank's cash balance per bank statement: $8,000 Checks outstanding: $5,800 Note collected by the bank: $1,500 Service fee: $20 Deposits outstanding: $4,000 NSF check (bad check) returned for $300 What is the correct balance of Cash that should be reported in Ginger, Inc's balance sheet at the end of the year