You work at Art Inc as an Accounting Assistant, you are preparing the bank reconciliation for the month ended Nov 30, the book balance of Art Inc. shows $48850, and the bank statement balance on Nov 30 shows $67040. You have discovered the following:

- Cheuqes issued to settle accounts payable still not shown on bank statement yet:

• #5523 for $8900
• #6547 for $2000

- The bank cleared the cheque #7869 for $2824 correctly. You realized that you recorded on the accounting records as $2860.

- Upon review of the bank statement, an error is uncovered. A cheque is removed from the account from Art Inc for $3676 that should have been removed from the account of another customer of the bank. You recorded this transaction correctly.

- The Nov 30 night deposit of $8995 was delivered to the bank after hours.

- On the bank statement, it shows that there are $3676 of interest earned and $4635 in charges (payments) collected from the credit cards. You have not received these transaction yet.

- The bank notified Art Inc that a $2824 cheque was returned unpaid from customer due to insufficient funds in customers account. Art In was not aware about it until today.

- Bank service charges for the month are $20. They have not been recorded on the accounting records.

Required:

Calculate the reconciled cash balance on Nov 30 starting with the "book balance" on Nov 30.