Using the following information:The bank statement balance is $$3,088.$The cash account balance is $$3,406.$Outstanding checks amount to $$585.$Deposits in transit are $$824.$The bank service charge is $$70.$A check for $$54$ for supplies was recorded as $$45$ in the ledger.Prepare a bank reconciliation for Miller Co$.$ for August $31.$Miller Co$.$Bank ReconciliationAugust $31$Line Item DescriptionAmountAmountCash balance according to bank statement$Cash balance according to bank statementAdd: Deposits in transitAdd: Outstanding checksAdjusted balance$Adjusted balanceCash balance according to company's records$Cash balance according to company's records$Add: Outstanding checksAdd: Outstanding checksTotal deductionsTotal deductionsAdjusted balance$Adjusted balance