Question 3: (10 Marks) Sofia is a cashier at Sanofi international company who has made following bank reconciliation statement in the absence of expert accountant for month of February 28, 2021. Sofia International Company Reconciliation Statement of Bank 28 February 2021 Balance per bank statement, Feb 28 $18,299.40 Add: Deposit in transit $4,320.60 Collection of note from Farms 3,000.00 7,320.60 Sub total $26,620.00 Less: Outstanding Checks: No. 831 $340.30 863 800.50 888 145.20 1,186.00 Adjusted cash balance per bank statement $25,434.00 Balance per accounting records, Feb 28 $29,959.00 Add: Credit memoranda from bank 3,000.00 Subtotal $26,959.00 Less: Debit memoranda from bank NSF check 1,500 Bank Service charges 25.00 1,525.00 Adjusted cash balance per accounting records $25,434.00 Instructions: Looking into bank reconciliation statement above, highlight mistakes if any there. Explain why that/those should be considered a mistake and then make a corrected reconciliation statement OTHERWISE if you think there is no mistake, copy the same on answer sheet and justify that the given above is correct one in all respects. At the end, explain all parts (major) of bank reconciliation statement