Using the following information, prepare a bank reconciliation for Wildhorse Company for July 31, 2022. a. The bank statement balance is $3,700. b. The cash account balance is $4,220. c. Outstanding checks totaled $1,210. d. Deposits in transit are $1,670. e. The bank service charge is $42. f. A check for $75 for supplies was recorded as $57 in the ledger.

Quick computing currently sells 12 million computer chips each year at a price of $19 per chip. it is about to introduce a new chip, and it forecasts annual sales of 22 million of these improved chips at a price of $24 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 6 million per year. the old chips cost $10 each to manufacture, and the new ones will cost $14 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (enter your answer in millions.)