2: List and briefly explain the accounting principle or assumption that is most applicable in the following situations. (10 marks) Note: Please label your answers clearly (i.e., "1)", "2)"). Answers that are unclear or ambiguous will not be awarded a mark. 1) Catcher Corp. decides to remove the value of 5 laptops from its financial statements since Catcher donated them to a local not-for-profit organization. 2) Catcher Corp. has three subsidiaries in the east coast and includes the financial information of these subsidiaries when preparing the Year End financial statements. 3) Catcher Corp. allocates the cost of its tangible assets over the period when it expects to receive revenue from these assets. 4) Catcher Corp. receives a letter from the lawyer of AceStar Ltd. and the details of the lawsuit are included in the notes to its financial statements. 5) Catcher Corp. prepares financial statements on a monthly basis