Auditors are auditing the warehouse of Huge Lots Corporation. The auditors performed the audit procedures listed in 1-5. For each audit procedure, select the assertion that is most likely being tested. Write the appropriate letter code next to each statement. A. Occurrence B. Valuation and Allocation C. Existence D. Cutoff E. Accuracy ___ 1. Recalculating the amount of depreciation expense. ___ 2. Examining large sales invoices for a period of two days before and after year-end to determine if sales are recorded in the proper period. ___ 3. Examining sales invoices to check if one particular sale transaction really happened ___4. Discussing the adequacy of the allowance for doubtful accounts with the credit manager. ___ 5. Asking for customer contacts to detect fictitious ones