Crocodiles Galore is afamily-owned and operated wildlife park located in Queensland. Animal Land houses more than 150 different animal species, some of which are on loanfrom overseas animal parks. Crocodiles Galore has two divisions for selling merchandise: a retail operation that sells food, beverages, shirts, souvenirs and othernovelties to visitors within the park, and a wholesale operation that sellstoys to department stores. The following management figures are relevant forthe year ended 30 June 2020:

	$
Total Assets	69,120,000
Total Current Assets	34,560,000
Inventories	28,800,000
Net Assets	51,840,000
Profit after Income Tax	9,792,000

The company tax rate is 30 per cent.

During the conduct of the audit, the followingitems of interest were noted by the audit team:

(i) Due to an electricalcontractor accidentally drilling through a power cable, all invoices for items sold through Crocodiles Galores wholesale operations on 22 and 23 June had to be manually prepared. Many of the manual invoices from this period omitted (left out) some ofthe items that were sold to department stores. The total value of the omitteditems was $30 666.

(ii) Crocodiles Galore lodged its taxreturn late and received a substantial fine. Payment of the fine was not madeby the required date and a liability for the amount has not been recorded. Thefine was $300,000.

(iii) Some of the toy crocodile products distributed to department stores by Crocodiles Galores wholesale operationswere incorrectly priced due to a special one-off Crocodile Creature Month discount not being reflected in the price the department stores were charged.These incorrect sales were made on 23 June 2020. The total misstatement arisingfrom the incorrect sales was $14 261.

(iv) A number of seniorexecutives flew to an animal conference in Melbourne. From the airport, they

hired cars and parked outside the hotel for three nights, ignoring No parkingsigns. The resulting parking fines were charged against Crocodiles Galores meals and entertainment account. The parking fines, totalling $1053, were all due before 30 June 2020.

Required

For each of the individualmisstatements listed, explain whether the item should be reported to

management or is clearly trivial. Explain your answers.