Using the following information, prepare a bank reconciliation. - Bank balance: $6,988 - Book balance: $6,626 - Deposits in transit: $1,600 - Outstanding checks: $599 and $1,423 - Bank charges: $75 - Bank incorrectly charged the account $75. The bank will correct the error next month. - Check number 2456 correctly cleared the bank in the amount of $234 but posted in the accounting records as $324. This check was expensed to Utilities Expense.