The following data apply to ABC Quality Goods for May Year 1: - Balance per the bank on May 31: $11,220 and book balance, May 31, Year 1$11,718 - Deposits in transit not recorded by the bank: $2,470. - Bank error, cheque written by Best Beauty Supply was charged to ABC Quality Goods's account: $800. - The following cheques written and recorded by ABC Quality Goods were not included in the bank statement: - Note collected by the bank: $750. - Service charge for collection of note: \$21. - The bookkeeper recorded a cheque written for $634 to pay for the May utilities expense as $544 in the cash disbursements journal - Bank service charge in addition to the note collection fee: $45. - Customer cheques returned by the bank as NSF: $177. Prepare a bank reconciliation statement for ABC Quality Goods as on 31 May. ( 6 marks available)