From the following particulars of Purple New Co., prepare the bank reconciliation statement as on May 31, 2016. a. The bank statement balance is $4,000. b. The cash account balance is $3,950. c. Outstanding checks amounted to $960. d. Deposits in transit are $900. e. The bank service charge is $75. f. Interest added to the checking account by the bank is $150. g. A check drawn for $65 was incorrectly charged by the bank as $150. Prepare a bank reconciliation for Purple New Co. for May 31, 2016. Purple New Co. Bank Reconciliation May 31, 2016 Cash balance according to bank statement Deduct: Outstanding checks Deduct: Bank service charge $ $ Add: Interest credited by bank $