You arrive at Mission XYZ on 5th January 2017 and the staff of the Finance Section are working on the year-end schedules. They indicate to you that they have finalized the bank reconciliation which shows a reconciled balance of $1,234,500. You are also informed that the prevailing exchange rate at year end is $1: Local Currency (LC) 250. Upon further investigation, you discover the following:- i. On 15th December 2016, the bank wrongfully recorded bank charges; Instead of LC150,000 the bank recorded LC250,000. ii. Two Imprest cash custodians indicated that they deposited $17,500 and LC 200,000, respectively, on 31 December 2016 but whilst this was reflected on the January 2017 statement, it was not recorded on the December statement. The bank indicates that they had forgotten to record the entries. iii. The finance staff did not know what to do about an amount of $5,000 which the accounting system, recorded twice, first as a direct transfer and then as a check, which had been given to a vendor, who had already presented it to the bank effectively being paid twice. This adjustment had not been recorded. 16. What should be the proper reconciled bank balance?

$1,258,400 $1,250,200 $1,248,200 $1,249,400