Problem 3 (13 points) The Fitzgerald Company maintains a checking account at the Bank of the North. The bank provides a bank statement along with canceled checks on the last day of each month. The October 31, 2021, bank statement included the following information: Balance, October 1, 2021 Deposits Checks processed Service charges NSF checks Monthly loan payment deducted $ 32,690 86,000 (75,200) (350) (1,600) directly by bank from account (includes $400 in Interest) Balance, October 31, 2021 (3,400) $38,140 The company's general ledger cash (checking) account had a balance of $42,544 at the end of October. Deposits outstanding totaled $4,224, and all checks written by the company were processed by the bank except for those totaling $5,620. In addition, a check for $500 for the purchase of office fumiture was incorrectly recorded by the company as a $50 disbursement. The bank correctly processed the check during October. (A)Prepare the bank reconciliation to correct cash for both. (B) Prepare the entries made by Fitzgerald. (A) (B) be sure to show debit and credit ACCT DEBIT and $$ Amount I ACCT CREDIT and $$ Amount