1. Mars Wholesalers Sdn Bhd Your firm is the auditor of Mars Wholesaler Sdn Bhd, and you have been asked to carry out audit checks on cut-off and verifying inventory quantities at the year-end. The company maintains details of inventory quantities on its computer. These inventory quantities are updated from goods received notes, and sales invoices. The company carries out inventory counts. each month, when all the fast moving and high value inventory is counted, and a third of the remaining inventory is counted in rotation so that all items are counted at least four times a year. You attended the inventory count on Sunday 13 October, and a further inventory count was carried out on Sunday 10 November. The company's year-end was Thursday 31 October 2022, and the inventory quantities at that date, as shown by the computer, have been used in the valuation of the inventory. No inventory was counted at the year-end. Required List and describe: a) The principal matters you should have checked and the matters you should have recorded when you attended the company's inventory count on Sunday 13 October. (8 marks) b) The checks you will perform in checking sales and purchases cut-off have been correctly carried out: i. ii. At the date of inventory count on 13 October 2022 At the year-end (4 marks) c) The work you will carry out to check that the book inventory records have been correctly updated from the counts at the inventory count. (4 marks) d) The work you will carry out to satisfy yourself that the inventory quantities used in the evaluation of the inventory at the year-end are correct. Note: You should assume that the price per unit of inventory is correct. (4 marks) (Total=20 marks)