Assume that you have completed your procedures on the audit of Warren Corporation and have found the following audit issues. Indicate the account balance financial statement assertion that is likely to be most impacted by each of the issues, using the following key: It was discovered that a number of the items on hand and counted in the inventory were on 1. consignment. 2. In performing a price test of inventory items, you found a number of items priced below cost. 3. It appears that the selling price of certain of the company's products has declined significantly. Completeness 4. During the physical inventory it was noted that a number of inventory items were damaged. Existence Inventory items were stored in three different warehouses and the auditors fear that some items might 5. Rights and Obligations be in an undisclosed fourth warehouse. 6. Some inventory items owned by the company were in transit during the physical inventory. Valuation and Allocation