As auditor of the Star Manufacturing Company, you have obtained a trial balance taken from the books of Star one month before year-end: Requirement Which accounts should be confirmed with outside sources? Briefly describe from whom they should be confirmed and the information that should be confirmed EB (Click the icon to view the trial balance.) There are no inventories consigned either in or out. All notes receivable are due from outsiders and held by Star. (To identily the information to be confirmed, solect the best choice from the list of A-N below. Assume significant individual transactions occurred in each sales and expense category.) (Click the icon to view the choice for "information to be confimed") From Whom Information to Be Account Name Confirmed Confirmed I0 In Choose from any drop-down list and then continue to the next question. of Star one month Betore year-hd om the books on to view the trial balance.) ventories consigned either in or out All notes receivable are from whom they should be confirmed and the information that should be confirmed Data Table rred in each Dr. (Cr.) Dr. (Cr.) S87,000 Mortgages payable (400,000) (300,000) (510,000) Cash in bank m Trade accounts receivable Notes receivable 45,000 Capital stock 25,000 Retained earnings 317,000 Sales 66,000 Cost of sales 350,000 General and administrative expenses 325,000 Legal and professional fees (235,000) Interest expense (3,130,000) 2,300,000 622,000 3,000 35,000 Land Buildings, net Furniture, fixtures, and equipment, net Trade accounts payable Print Done Star Manut More Info om the book on to view th ventories cor ers and held e sources? Briefly describe ormation that should be A. Name and address of the bank, amount on deposit for each account as of the balance sheet date plus the name of each account, the account number, whether or not the account is subject to withdrawal by check, and the interest rate if the account is interest bearing. The amount for which Star was directly liable to the bank for loans as of the balance sheet date plus the date of the loan, the due date, the interest rate, the date to which interest is paid, and description of the liability and collateral. Investment custodian information t ense category icon to view t sactions occurred in each B. C. Name and address of the debtor, account number (if applicable), the confirmation "as of" date, and the aged account balance or individual invoices included in such balance (with invoice date). me D. Name and address of the debtor, date of the note, due date, unpaid balance sheet date, payment arrangements, interest rate, date of lasfinterest payment, collateral, if any, to secure the note. at E. Name and address of location at which inventory is on consignment, inventory date, detailed list of inventory on consignment at that location F. Name and address of public warehouse or other outside custodian, inventory date, detailed lists of inventory stored. Copy of insurance policy, date of policy, expiration of policy, beneficiaries of policy, and cash surrender value of policy at date of balance sheet. Description of property (land, building, and/or equipment), serial numbers for all equipment items, appraised value of each item as of the balance sheet date and as of the date of confirmation, collateral, if any, used to secure the property, and a list of any liens or mortgages on the property G. ga H. l. Name and address of the supolier. the amount due and the amount of anv Nga nts. rom any drop-dov Print Done More Info e Star Manut from the book icon to view t e sources? Briefly ormation that sho and as of the date of confirmation, collateral, if any, used to secure the property, and a list of any liens or mortgages on the property Name and address of the supplier, the amount due and the amount of any purchase commitments as of the balance sheet date. iders and held I. e information ense category J. Name and address of mortgagee, original amount, date of note, maturity date, e icon to view th sactions occurred i balance due at balance sheet date, payment arrangements, interest rate, interest payment dates, date of last interest payment, nature of defaults and if any events of default are known to mortgagee, and location of mortgaged property Original amount, date of bond, maturity date, balance due at balance sheet date, payment arrangements, interest rate, interest payment dates, date of last interest payment, nature of defaults, and if any events of default are known to the bondholder me K. L. Name and address of transfer agent and registrar, number of shares of common stock authorized, issued, outstanding, and held as treasury shares for the company as of the balance sheet date. M. The auditor should request a letter from each attorney as to litigation being handled as of and subsequent to the balance sheet date. For each case, the attorney should give a description, report on its status as of the balance sheet date and as of the date of the letter, and give his or her opinion as to the ultimate liability. The attorney should also state Stars indebtedness to him or her as of the balance sheet date. Name and address of outside party, and other specific information that would depend on the nature of the item and the reason the auditor believes it is necessary to confirm the item N. rom any drop-dow Print Done