The Income Statement of UCC Trading Enterprise (UCCTE) for the year ended 31 December 2016 as prepared by an Accounts Assistant indicated a net profit of GH49,360,000. However, the cash book on 31 December 2016 showed a balance at bank to be GH6,440,000. Your attention is however drawn to the following: i) Cheques from customers totaling GH4,980,000 which were recorded in the cash book on 20 December 2016 were actually not credited by the bank until 2 January 2017. ii) Cheques issued on 13 December 2016 totaling GH7,420,000 in favour of suppliers were actually not paid by the bank until after the end of the year (that is after 31 December 2016). iii) On 22 November 2016, the bank paid an amount of GH3,600,000 with respect to a standing order from UCCTE for rent of business premises for the three months to 31January 2017 but unfortunately, no entry for this payment had been made in the cash book. Additionally, no provision of this outstanding rent had been made in the income statement for the period. iv) On 31 December 2016, a customer known as Mr. Abuusu had paid GH2,340,000 into UCCTE bank account through a standing order to his bankers in full settlement of a debit balance of GH2,400,000 in UTE sale ledger, but no entry had been made in the books. v) On 30 December 2016, a cheque for GH480,000 was received from a customer in settlement of sales invoice for the same amount. The cheques were lodged into UCCTE bank account. Both sale of goods and the cheque were entered in UCCTEs books. However, on 31 December 2016, the customer returned the goods and also instructed her bankers not to pay the cheque (This instruction was carried out the same day) but no entries in respect of these latter developments have been made in UCCTEs books. The cost of these goods amounting to GH320,000 were not actually included in the closing inventories. vi) A cheque for GH840,000 from an insurance company in settlement of claim for fire damage to inventory had been paid into the bank and credited by the bank on 21 December 2016, but an estimated amount of GH800,000 had been entered in UCCTEs income statement. Required: a) Prepare a statement on 31 December 2016, indicating clearly the cash book balance b) Prepare the bank reconciliation statement for UCCTE. c) Prepare a statement of corrected net profit of UCCTE on 31 December 2016. d) Indicate how the bank balance will be reported in UCCTE's final accounts.