Ocean Construction Inc. has poor internal control. Recently, Evan Smith, the owner, has suspected the bookkeeper of stealing. Here are some details of the business's cash position at May 31, 2020: A(Click on the icon to view additional information.) Requirements Requirement 1. Prepare the bank reconciliation. There are no pank or pook errors. Begin by preparing the bank section of the bank reconciliation. Then complete the book section of the bank reconciliation. (Leave unused cells blank.) Additional Information - X Ocean Construction Inc. Bank Reconciliation May 31, 2020 BANK: a. The Cash account shows a balance of $10,369. This amount includes a May 31 deposit of $3,795 that does not appear on the May 31 bank statement. b. The May 31 bank statement shows a balance of $8,224. The bank statement lists a $270 bank collection, a(n) $14 service charge, and a $54 NSF cheque. The bookkeeper has not recorded any of these items. c. At May 31, the following cheques are outstanding: - X Add: Requirements Amount Cheque No. 154 Less $ 110 256 143 1. Prepare the bank reconciliation. There are no bank or book errors. 2. Using the facts provided, identify the information that would be relevant to determining whether or not the bookkeeper has stolen cash from the business 3. Recommend to Smith any changes needed to prevent this from happening again BOOKS: 278 856 Add: 291 992 292 201 293 146 d. The bookkeeper records all incoming cash and makes bank deposits. He also reconciles the monthly bank statement. Here is his May 31 reconciliation: Print Done Less Balance per books, May 31 Add: Outstanding cheques Bank collection Subtotal Less: Deposits in transit Service charge NSF cheque $ 10,369 1,448 270 12,087 $ 3.795 14 54 (3,863) Requirement 2. Using the facts provided, identify the information that would be relevant to determining whether or not the bookkeeper has stolen cash from the business. Based on the above reconciliation, it appears the bookkeeper has stolen $ The bookkeeper Balance per bank, May 31 $ 8,224 V the total of outstanding cheques by $ to cover the theft. Requirement 3. Recommend to Smith any changes needed to prevent this from happening again. Print Done Done The owner should