Using the following information, prepare a bank reconciliation. -Bank balance: $6,988 -Book balance: $6,626 -Deposits in transit: \$1,600 P1. Outstanding checks: $599 and $1,423 - Bank charges: \$75 -Bank incorrectly charged the account \$75. The bank will correct the error next month. - Check number 2456 correctly cleared the bank in the amount of $234 but posted in the accounting records as $324. This check was expensed to Utilities Expense