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 $18,726.00. Outstanding checks were No. 62 for $153.00, No. 183 for $179.00, No. 284 for $262.00, No. 862 for $222.00, No. 863 for $249.00, and No. 864 for $203.00. Included with the statement was a credit memorandum of $208.00 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 $22,529.00. The balance included undeposited cash on hand. Because of the lack of internal controls, Bret took for personal use all of the undeposited receipts in excess of $4,099.00. 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 No. 862 No. 863 No. 864 Less: Undeposited receipts Unadjusted balance per bank, October 31 Less: Bank credit memorandum Cash balance per bank statement, October 31 $22,529.00 $222.00 249.00 203.00 504.0023,033.004,099.0018,934.00208.00$18,726.00 (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