3. Bank Reconciliation (20 marks) Saturn Delivery Co. has recorded a balance of $8,500 on their accounting book as of December 31, 2020. They received the bank statement dated December 31, 2020 showing a balance of $7,000. The deposit in transit was $2,800, and outstanding cheques in total of $1,500. The bank made a collection on behalf of Saturn for $400, and there is a NSF cheque of $590. There is also a bank interest of $20, and service charge of $30. Prepare a bank reconciliation for Saturn Delivery Co. at December 31, 2020. Saturn Delivery Co. Bank Reconciliation December 31, 2020 BOOK BANK Adjusted bank balance Adjusted book balance 4. Inventory (26 marks)