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 $12.985, while the company's records show a balance of $12.366. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks are $1,265. b. The October 31 cash receipts of $820 are not deposited in the bank until November 2. c. One check written in payment of utilities for $144 is correctly recorded by the bank but is recorded by Blockwood as a disbursement of $414 d. In accordance with prior authorization, the bank withdraws 5557 directly from the checking account as payment on a note payable. The interest portion of that payment is $57 and the principal portion is $500. Blockwood has not recorded the direct withdrawal e. Bank service fees of $31 are listed on the bank statement. f. A deposit of $574 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. g. The bank statement includes a charge of 582 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.) BLOCKWOOD VIDEO Bank Reconciliation October 31, 2021 Company's Cash Balance Per general ledger Bank's Cash Balance Perbank statement