A family has 7,564 in a bank account set aside for home repairs. Over the last few months, they spent1,244 repairing their furnace, spent 756 replacing a window, and deposited1,503 into the account. Which of the following amounts is the current balance of the bank account?
1) $4,061
2) $7,067
3) $5,564
4) $7,823
