3. Develop a basic "accounting equation" (Assets Liability + Owner's Equity) for the year 2018 & 2019. (1 mark) 4. Calculate "Net Profit" of the company for the year 2018 & 2019 by using the "Simple Income Statement" format which you learned in the class? (1.5 Mark) 5. "Company's net income appears directly on the income statement and the owner's equity statements, and it is included indirectly in the company's balance sheet". Do you agree? Explain how the net income is shown in Balance Sheet. (1.5 Marks) 6. What is a total assets value of the company during 2018 and 2019? Provide calculation (1.5 Mark) 7. What is a total Liability value of the company during 2018 and 2019? Provide calculation (1.5 Mark) 8. What is a total Owner's Equity value of the company during 2018 and 2019? Provide calculation (1 Mark) What is the accounting period of the company? ( 1/2 Mark) 10. Which method (periodic or perpetual) the company has used to calculate the Cost of Inventory? Explain briefly. (if the company is service organization, then explain both methods briefly) (1 Mark)