BANK RECONCILIATION PROBLEM SEVERINO BROTHERS INC. The following information is provided to reconcile Severino Brothers Inc book balance with its bank statement balance as at December 31, 2020: 1. The December 31 accounting cash balance according to the company's accounts on that date is $46,822.40. 2. Check # 1242 for $410.40; check # 1273 for $4,589.30 and Check # 1282 for $400 are outstanding as at December 31. 3. Check # 1267 had been correctly drawn for $3,456 to pay for office supplies but was erroneously posted into the accounting records as $3,465. 4. The bank statement shows a check returned for insufficient funds (NSF) in the amount of S762.50 from a customer, Tinus Industries in payment towards its account. The statement also shows a 599 bank fee in miscellaneous expenses for check printing.. Severino Brothers has not posted these transactions in its accounting records. 5. The bank statement shows that the bank collected $18,980 cash on a note receivable for the company. Severino had not yet posted this in its accounting records. 6. Severino's December 31 daily deposit receipts of $9.583.10 were placed in the bank's night depository on that date but do not appear on the bank statement. Required: a) Prepare the company's bank reconciliation as of December 31, 2020 b) Prepare the journal entries necessary to make the company's book balance of cash equal to the reconciled cash balance on December 31