You collected the following information when performing the bank reconciliation of Beta Inc. for the month of February 2021:

Balance per bank statement, February 28, 2021	$67,000
Outstanding cheques not shown in February bank statement	23,000
Deposits in transit not shown in February bank statement	12,000
Petty cash	500
Outstanding cheques from January 2021, cleared your bank account in February 2021	16,000
Bank service charges	160
Cheque received from a customer, returned NSF	6,000

The adjusted balance per bank statement at the end of February 2021 is:

Select one:

a. $34,340

b. $50,340

c. $56,000

d. $56,500