Question 2 The following is the Happy Company's bank account and the bank statement received from the bank for the month of Jan 2022. 2022 Bank $ 2022 1 Jan Balance b/d 15,000 8 Jan Water (#0101) 1,000 7 Jan Cheque - J Poon 2,400 9 Jan Printing (# 0102) 1,400 10 Jan Cheque - P Lee 640 15 Jan Wages (# 0103) 2,800 12 Jan Cash Sales 720 25 Jan T Fok (# 0104) 720 18 Jan Cash Sales 1,200 29 Jan Salary (# 0105) 6,400 30 Jan Cheque - S Leung 3,000 30 Jan Postage (# 0106) 180 31 Jan Balance c/di 10,460 22,960 22,960 1 Feb Balance b/d 10,460 Bank statement 2022 Withdraw(S) Deposit(S) Balance (S) 1 Jan Balance b/d 15,000 9 Jan Deposits 2,400 17,400 12 Jan Deposits 640 18,040 13 Jan Deposits 720 18,760 15 Jan # 0101 1,000 17,760 19 Jan Deposits 1,200 18,960 19 Jan Bank charges 100 18,860 21 Jan Autopay-Insurance 2,000 16,860 22 Jan # 0102 1,400 15,460 23 Jan #0103 2,800 12,660 30 Jan Direct debit 600 12,060 31 Jan Interest received 900 12,960 Required: (a) Update the bank account. (23 marks) (b) Prepare a bank reconciliation statement as at 31 Jan 2022, beginning with the updated cash book balance in part (a). (17 marks) (Total 40 marks)