The following information for SPI-W Inc. is in regard to the cash account: Cash Balance, June 30 $10,100 Deposits During June $39,600 Cheques Written $40,000 The bank statement for SPI-W for June is as follows: Bank Balance, June 30 Add: Deposits (July) $10,100 $37,400 $47,500 Less: Cheques NSF cheques Bank Fees Balance (7/31) ($38,500) ($140) ($60). ($38,700) $8,800 Comparing accounting system records to Bank Statements the following is provided: June 30 July 31 Outstanding Cheques $550 $2,050 Deposits in Transit $900 $3,100 1. Prepare a bank reconciliation report for July. (12 marks) 2. What is the amount reported for cash on the statement of financial position at July 31, 2022. (3 marks) 3. Identify the five elements of internal control