For each of the independent situations described below, list the assumption, characteristic, concept, or conistraint that has been violated. if any: 1. The Who Company reports only current assots and current liabilities on its balance sheet Intangible assets and a 20-year mortgage payable are reported as current asset and a current liability, respectively. Liquidation of the company is unlikely. 2. Gabi Company is in its third year of operation and has yet to issue financial statements. (Do not use full disclosure principle.) 3. Griffin Company is carrying imventory at its net realizabie value of $110.000. The irventory had an original cost of $135,000. 4. Paul Company expenses some affice equipment that is inexpensive even though it has a useful life that exceeds one year. 5. Singh Corporation has selected FiFO as is inwentory cost thow formula during the current wear Next year it plans to change to the weighted average cost formula