B3. Elegant Constructions is a construction company which was established in the year 2018. The company was involved in the construction of excellent quality buildings which had aesthetic elevations and appearance. Elegant Constructions became popular in Rustaq region in the Sultanate of Oman. Mr. Aadil is the founder and owner of the company. The company has HR, Purchasing, Project, Engineering, Financial, and Marketing departments. You are appointed as a management accountant in the company. You are aware that reporting is one of your most important functions. Mr. Aadil is always concerned about timely, appropriate and well-prepared reports as reporting helps to him make prompt decisions, update information about developments, and future plans and preparedness. Answer the following questions: A What will be the FIVE important essentials that you should consider while preparing and submitting the report - 'Periodical Profit and Loss Account and Balance Sheet? Explain with proper justification and with appropriate examples. (5 Marks) B. What will be the FIVE important essentials that you should consider while preparing and submitting the report on Research and development activities? Explain with proper justification and with appropriate examples