The following information is produced by comparing the cash deposits and withdrawals recorded by the M&N Windows Ltd for the month with their most recent bank statement received at 30 June 201?: a. MEN Windows Ltd' cash at bank ledger at 30 to ne 201? is: $T5,Bti4 b. Credit balance as per bank statement as at 30 June 2-31? is: $101,160 c. Bani: statement shows an electronic transfer from a customer of $3,364 d. Deposits in transit, $12,540 e. Interest earned on bank account, $?5 f. Unpresented cheques, $31,110? g. Service charge included in bank statement, $150 h. Cheque for insurance expense, $5,3?D incorrectly recorded in books as $5,91Ei i. A dishonoured cheque written by a client Jim Smith, $3,?CID The entity doesn't use special journals for record tee ping. The entity prepares bani: reconciliation statement at the end of each month. Required: a] Prepare a bank reconciliation statement for MEd-i Windows Ltd at 30 June 2019. {6 marks} b} Discuss why a bank reconciliation is still necessary even most of the transactions take place using electronic transfer of funds nowadays. {2 marks}