You are working for a company that asked you to check the bank statement balance and details against the company's general ledger. You gather all these details: Outstanding cheques at January 31st are $11,500 A deposit of $3025 made on January 30th is in transit and had not cleared the bank by January 31st An automatic payment for $11,500 was erroneously charged by the bank against your account while it belongs to another bank customer (bank error), The bank statement for January shows a balance of $25,750 at January 31st The company operates with one bank that offers a regular chequing account and a business line of credit at 8% per year Required 1: After preparing the bank reconciliation what is the adjusted Bank Statement balance at manth end to reflect this Information? $ Required 2: After preparing the bank reconciliation what is the correct adjusted Cash balance in the company's books to reflect this Information? $ Instructions: Use 2 decimal places and only type the number without signs except for negative numbers that are preceded by a minus sign the right answer is 1070.39 you type 1070 39". It will not be read as correct if you type "1070 39 51070 39 or any other combination. If the right answer is negative 1070,39 you type 1070.39