Valentine Investigations has the following information for its cash account: $ 7,444 Balance, 1/31 Deposits during February Checks written during February 106,780 102,341 Valentine's bank statement for February contained the following information: Valentine Investigations Bank Reconciliation Schedule February 1 Balance per bank, 1/31 $8,910.00 2 Add: 3 February deposits 104,950.00 $113,860.00 4 5 Less: 6 $(101,400.00) (50.00) 7 Checks paid in February Bank service charge Debit memo (electric bill) 9 Balance per bank, 2/28 8 (800.00) (102,250.00) $11,610.00 A comparison of company records with the bank statement provided the following data: At 1/31 At 2/28 $2,750 $4,580 Deposits in transit Outstanding checks 4,216 5,157 Required: 1. Prepare a bank reconciliation as of February 28. 2. Prepare adjusting entries for Valentine based on the information developed in the bank reconciliation. 3. What is the amount of cash that should be reported on the February 28 balance sheet