Required information [The following information applies to the questions displayed below.] On October 31, 2021, the bank statement for the checking account of Blockwood Video shows a balance of $12,694, while the companys records show a balance of $12,316. Information that might be useful in preparing a bank reconciliation is as follows: Outstanding checks are $1,215. The October 31 cash receipts of $770 are not deposited in the bank until November 2. One check written in payment of utilities for $134 is correctly recorded by the bank but is recorded by Blockwood as a disbursement of $143. In accordance with prior authorization, the bank withdraws $547 directly from the checking account as payment on a note payable. The interest portion of that payment is $47 and the principal portion is $500. Blockwood has not recorded the direct withdrawal. Bank service fees of $21 are listed on the bank statement. A deposit of $564 is recorded by the bank on October 13, but it did not belong to Blockwood. The deposit should have been made to the checking account of Hollybuster Video, a separate company. The bank statement includes a charge of $72 for an NSF check. 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, 2021. (Amounts to be deducted should be indicated with a minus sign.)