5. Iptat International LTD. Provided the following reconciliation from IFRS to U.S. GAAP in its most recent annual report (amounts is thousands of CHF): Net Income 541,713 Shareholders' Equity 7,638,794 As stated under IFRS U.S. GAAP adjustments 85,720 643,099 (a) Reversal of additional depreciation charges arising from revaluation of fixed assets (b) Reversal of revaluation surplus of fixed assets (977,240) As stated under U.S. GAPP 627,433 627,433 7,305,653 a. Explain why U.S. GAAP adjustment (a) results in an addition to net income. Use two sentences or less. b. Explain why U.S. GAAP adjustment (a) results in an addition to shareholders' equity that is greater than the addition to net income. Use two sentences or less. C. Explain why U.S. GAAP adjustment (b) results in a subtraction from shareholders' equity but does not affect net income. Use two sentences or less