The cash account for Collegiate Sports Co. on November 1, 20Y9, indicated a balance of $12,240. During November, the total cash deposited was $66,670 and checks written totaled $61,900. The bank statement indicated a balance of $22,600 on November 30, 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconcilinga. Checks outstanding totaled $41,840.b. A deposit of $12,200, representing receipts of November 30, had been made too late to appear on the bank statement. c. A check for $7,250 had been incorrectly charged by the bank as $2,750.d. A check for $760 returned with the statement had been recorded by Collegiate Sports Co. as $7,600. The check was for the payment of an obligation to Ramirez Co. on account. e. The bank had collected for Collegiate Sports Co. $7,385 on a note left for collection. The face of the note was $7,000.f. Bank service charges for November amounted to $125.g. A check for $2,500 from Hallen Academy was returned by the bank because of insufficient funds. Instructions1. Prepare a bank reconciliation as of November 30.2. Journalize the necessary entries. The accounts have not been closed.3. If a balance sheet were prepared for Collegiate Sports Co. on November 30, 2014, what amount should be reported as cash?