P4-2B On October 31, 2024, the bank statement for the cash account of Blockwood Video shows a balance of \$12,751, while the company's records show a cash balance of $12,381. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks are $1,280. b. The October 31 cash receipts of $835 are not deposited in the bank until November 2 . c. The EFT payment for utilities of $147 is correctly recorded by the bank but is recorded by Blockwood as a disbursement of $174. d. In accordance with prior authorization, the bank withdraws $560 directly from the account as payment on a note payable. The interest portion of that payment is $60 and the principal portion is $500. Blockwood has not recorded the direct withdrawal. e. Bank service fees of $34 are listed on the bank statement. f. A deposit of $577 is recorded by the bank on October 13 , but it did not belong to Blockwood. The deposit should have been made to the account of Hollybuster Video, a separate company. g. The bank statement includes a charge of $85 for an NSF check from a customer. The check is returned with the bank statement, and the company will seek payment from the customer. Required: 1. Prepare a bank reconciliation for the Blockwood checking account on October 31, 2024. 2. Record the necessary cash adjustments