Geo Tech Limited is a supplier of technology mining products to large mining businesses. Complete the findings and conclusion of the following workpaper DGL CHARTERED ACCOUNTANTS - AUDIT CURRENT FILE WORKPAPER Client Name Geo Tech Ltd Preparer JAM Engagement Title GTL Date Prepared 30.7.20 Period 30.6.2020 Reviewer Buckby Work Paper 4.1.1 AP WS Date Reviewed 5.8.20 OBJECTIVE(S) Substantive testing of Accounts Payable Balance at 30th June 2020Notes . Payments July-August (Telstra Ltd $95,000; AGL Ltd $40,000; XYZ Equipment Rentals Ltd $100,000) . Accounts Payable for 2019 was 1,542,300 Label your responses for each finding using the numbers 1 to 5. Label your response to the conclusion at the end of the work paper as ConclusionSubstantive Tests to be Performed Calculate the Accounts Payable Turnover Ratio (Purchases for the Year are $3,000,000) 2 Check the mathematical accuracy of the Accounts Payable Summary information. 3 Check whether any of payables were recorded as paid in the three (3) months after year end (Payments are located in Notes under table) Select the balance that are most concerning from a materiality perspective. Performance Materiality is $200,000 and Accounts payable has a low Control Risk assessment 5 Identify two tests of details of balances to perform on this account to ensure the balance is not materially misstated Accounts Payable Summary at 30.6.20 Customer Name Supplier Balance 30.6.20 John Smith Technology Ltd $875,000 Telstra Ltd $446,000 AGL Ltd $132,500 XYZ Equipment Rentals Ltd $675,650 ABC Building Rentals Ltd $20,400 Total Accounts Payable Balance $2, 139,550 Findings 2 3 5 CONCLUSIONS about this account balance