2. The following information was provided by Magagi \& Sons on the 31" of July, 2020: It was also discovered that a cheque from Chibuzo amounting to N3,000 was dishonored by the bank. Required: a. Update the cash book, and state the new balance as on 31 July 2020 b. Draw up a bank reconciliation statement as on 31 July 2020 (5 marks) (3 marks) c. State four advantages of the statement which you prepared (2 marks) (Total 10 marks)