Current Attempt in Progress Cullumber Company is a very profitable small business. It has not, however, given much consideration to internal control. For example, in an attempt to keep clerical and office expenses to a minimum, the company has combined the jobs of cashier and bookkeeper. As a result, Bret Turrin handles all cash receipts, keeps the accounting records, and prepares the monthly bank reconciliations. The balance per the bank statement on October 31, 2022, was $18,844.00. Outstanding checks were No. 62 for $157.00, No. 183 for $178.00, No. 284 for $261.00, No. 862 for $218.00, No. 863 for $244.00, and No. 864 for $203.00. Included with the statement was a credit memorandum of $236.00 indicating the collection of a note receivable for Cullumber Company by the bank on October 25. This memorandum has not been recorded by Cullumber. The company's ledger showed one Cash account with a balance of $22,427.00. The balance included undeposited cash on hand. Because of the lack of internal controls, Bret took fer personal use all of the undeposited receipts in excess of $3.862.00. He then prepared the following bank reconciliation in an effort to conceal his theft of cash. Cash balance per books, October 31 Add: Outstanding checks $22,427.00 No. 862 $218.00 No. 863 244.00 No. 864 203.00 515.00 22,942.00 Less: Undeposited receipts 3,862.00 Unadjusted balance per bank, October 31 19.080.00 Less: Bank credit memorandum 236.00 Cash balance per bank statement, October 31 $18,844.00 (a) Prepare a correct bank reconciliation. (Hint: Deduct the amount of the theft from the adjusted balance per books) (List items that increase balance as per bank & books first.) CULLUMBER COMPANY Bank Reconciliation 0 0