Gray Construction Inc. has poor internal control. Recently, Harry Smith, the owner, has suspected the bookkeeper of stealing. Here are some details of the business's cash position at December 31, 2020: i (Click on the icon to view additional information.) Requirement 1. Prepare the bank reconciliation. There are no bank or book errors. Begin by preparing the bank section of the bank reconciliation. Then complete the book section of the bank reconciliation. (Leave unused cells blank.) Gray Construction Inc. Bank Reconciliation December 31, 2020 BANK: Add: Less: BOOKS: Add: Less: e information that would be relevan okkeeper has stolen $ Requir Adjusted book balance, December 31 Based Balance, December 31 Bank collection Requir Correction of book error EFT collectioncustomer services Choose NSF cheques Service charge needed to prevent this from happe put fields and then continue to Requirement 2. Using the facts provided, identify the information that would be relevant to determining whether or not the bookkeeper has stolen cash from the business. The bookkeeper the total of Based on the above reconciliation, it appears the bookkeeper has stolen $ outstanding cheques by $ to cover the theft. Requirement 3. Recommend to Smith any changes needed to prevent this from happening again. The owner should a. The Cash account shows a balance of $10,440. This amount includes a December 31 deposit of $3,792 that does not appear on the December 31 bank statement. b. The December 31 bank statement shows a balance of $8,365. The bank statement lists a $290 bank collection, a(n) $17 service charge, and a $40 NSF cheque. The bookkeeper has not recorded any of these items. c. At December 31, the following cheques are outstanding: Cheque No. Amount 154 $ CA 119 256 148 278 880 291 987 292 208 293 142 d. The bookkeeper records all incoming cash and makes bank deposits. He also reconciles the monthly bank statement. Here is his December 31 reconciliation: Balance per books, December 31 $ 10,440 Add: Outstanding cheques 1,484 Bank collection 290 12,214 Subtotal Less: Deposits in transit $ 3,792 Service charge 17 NSF cheque 40 (3,849) Balance per bank, December 31 $ 8,365