Pickleson Company had an unadjusted cash balance of $4,095 as of May 31 The company's bank statement, also dated May 31, uncluded a $96 NSF check written by one of Nickleson's customers. There were $778 in outstanding checks and $285 in deposits in Transit as of May 31 According to the bank statement service charges were $80, and the bank collected an $1,350 note receivable for Nickleson. The bank statement also showed $12 of interest revenue earned by Nickleson Required Determine the true cash balance as of May 31 (Hint: It is not necessary to use all of the preceding items to determine the true balance)