The balance of bank statement of CDC Co. as at December 31,2020 was $197,500. Following summarizes the differences between bank and books: 1. Deposits in transit as at November 30 was $1,409. 2. Deposits recorded in the books and bank during December were $9,580 and $10,910. 3. Outstanding cheques as at December 31 amounted to $522. 4. Electronic receipts from customers totaled $1,860, but these receipts have not yet been recorded by CDC in December. 5. Interest revenue earned in December totaled $798 and it hasn't been recorded by CDC. 6. The bank charged CDC$147 for services in December. 7. The bank made a mistake in processing a payment of $678 as $687 in December. Required: 1. Prepare any necessary journal entries for bank reconciliation as at December 31,2020 (3 Points). 2. What is the reconciled balance of cash as at December 31,2020 , clearly show calculations for numbers not given (4 Points)