Tellico Company used the following information to prepare its bank reconciliation for May of the current year: • The bank statement balance at May 31 is $3,016. • The company’s cash account balance at May 31 is $2,611. • Outstanding checks amounted to $590. • Deposits in transit are $700. • The bank service charge is $25. • A check for $176 written by Tellico was recorded as $716 in the company’s ledger. What is the adjusted cash balance (true cash) at 5-31-08?