Question 2 (16 marks) Paul's cash book as at 30 April 2021 had a debit balance of $4,160. On the same date, the bank statement had a credit balance of $3,680. After checking the cash book against the bank statement, the following differences were discovered: 1. The bank had paid a standing order for rental of $2,550. 2. A cheque of $6,160 had not been presented for payment. 3. A deposit of $1,330 banked in on 29 April was only credited in the bank statement on 2 May 4. A cheque issued to a payable for $1,735 has been recorded in the cash book as $1,375. 5. The bank received by credit transfer an amount of $963 from Learning Ltd. 6. Bank charges of $45 had been charged by the bank but not recorded in the cash book. 7. The bank statement shows that a cheque of $3,290 received from Tommy had been marked dishonoured cheque but no adjustment was made in the cash book. 8. A comparison between the cash book and the bank statement shows that a cheque payment of $28 for stationery has been omitted from the cash book but correctly recorded in the bank statement. Required: (a) Bring the cash book up to date. Calculate the updated balance on 30 April 2021 and state whether it is a debit or credit balance. (9 marks) (b) Prepare a statement to reconcile the difference between your amended cash book balance and the balance in the bank statement on 30 April 2021. (6 marks) (c) State the amount of the bank balance which would appear in Paul's Statement of Financial Position as at 30 April 2021. (1 mark)