The bank statement for JubileeCake Ltd showed a balance of 22,200 on 31 May 2022. However, the cash book shows a balance on the bank account of 31,250 at the same date. By comparing the cash book and the bank statement, you find the following information: 1. The cash book receipts side has been undercast by 1,100. 2. Dividends received of 2,100 have been paid directly into the bank account and bank charges of 410 are shown in the bank account but have not been recorded in the cash book. 3. A cheque received for 780 has been recorded in the cash book as 870. The correct amount is recorded in the bank statement. 4. Cheques paid to suppliers of 2,500 and receipts of 9,650 have been recorded in the cash book but have not yet been shown in the bank statement. 5. A cheque receipt for 3,450 banked on 20 May was returned unpaid on 31st May and has been shown as a debit on the bank statement. No entry has been made in the cash book to reflect the return of this cheque. 6. The bank paid a cheque received by JubileeCake Ltd for 1,150 into the account of JubileeParty Ltd by mistake. The mistake has not yet been corrected by the bank at 31 May 2022. REQUIRED: (i) Calculate the adjusted cash book balance. (ii) Prepare the bank reconciliation at 31 May 2022. 4 marks 5 marks (iii) Bank reconciliations are one type of internal control. Identify another type of internal control and briefly explain why companies need internal controls. 4 marks