Case study questions: Koala Pty Ltd is an Australian furniture manufacturer. The company has 100 employees. The turnover for the last three financial years is on average $60 million per year. Recently, Koala Pty Ltd purchased a showroom in the central business district of Melbourne, that is convenient for potential customers to view the company's range of furniture and in which customers place orders for the company's furniture. Koala Pty Ltd expects to market its furniture from the showroom for about 20 years. Required a. Does Koala Pty Ltd satisfy the definition of a reporting entity under the conceptual framework? Explain b. Explain if the showroom is an asset as per the conceptual framework? Porting your