Hills Companys June 30 2010 bank statement and the June ledger account for cash are summarized here: Bank StatementBalance June 30 2013 – 6070 CashJune 30 Balance 6400Required:1. Prepare a bank reconciliation. A comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $700. Some of the checks that cleared in June were written prior to June. No deposits in transit were noted in May but a deposit is in transit at the end of June.2. Give any journal entries that should be made as a result of the bank reconciliation.3. What is the balance in the Cash account after the reconciliation entries?4. In addition to the balance in its bank account Hills Company also has $300 cash on hand. This amount is recorded in a separate T-account called Cash on Hand. What is the total amount of cash that should be reported on the balance sheet at June 30?