On october 31, year 1, a company general ledger shows a checking account balance of $8,415. the company’s cash receipts for the month total $74,440, of which $71,325 has been deposited in the bank. in addition, the company has written checks for $72,485, of which $71,090 has been processed by the bank. the bank statement reveals an ending balance of $12,165 and includes the following items not yet recorded by the company: bank service fees of $210, note receivable collected by the bank of $5,600, and interest earned on the account balance plus from the note of $620. after closer inspection, the company realizes that the bank incorrectly charged the company’s account $540 for an automatic withdrawal that should have been charged to another customer’s account. the bank agrees to the error. required: 1. prepare a bank reconciliation to calculate the correct ending balance of cash on october 31, year 1. (amounts to be deducted should be indicated with a minus sign.)