Required for the next exercise: 1. Prepare the bank reconciliation, in the space provided 2. Necessary wage entries in the space provided Bank reconciliation and necessary entries for Castillo Inc.; for the month of July 2022. Data: Related to the Bank 1. Balance in the bank as of June 30$30,691.50 2. Recognized deposits $98,000 3. Collections by the bank for Castillo $3,255. Of this amount, $105 represents the interest earned on the note to Castillo. 4. Checks paid totaling $109,025. 5. Bank charges $94.50 6. You must calculate the balance as of July 31 of the bank, with the given data. Point. Data: Related to Castillo 1. Balance as of June 30 according to books $30,975. 2. Deposits during June $108,500 3. Checks made during June $111,422.50 Other Information 1. Deposits in transit July $10,500 2. Checks in circulation $2,975