Give a letter addressed to Miss Chovi explaining the following...

Miss Chovi is confused by the fact that the Scuba tanks she uses in the diving courses are listed separately in the Trial Balance to those scuba tanks she has in the shop for sale (which are included in the inventory balance). Using the appropriate element\"t denition, apply the facts provided and explain to Miss Chovi what element' both inventory and the separate account Scuba tanks are recorded as- *(element = Asset, Liability, Equity, income or Expense) (12 marks) The explanation in [our letter must be sEcic to Scooba Dive Inc. Generic answers will not be awarded more than half marks for this Question. The remaining 3 marks will be awarded for following the formatting requirements below. 0 Date your letter the 1.9"I July 2020 0 Address your letter to Miss Chovi, 3 The Cove, South Australia 5458. I Any formal business letter format is acceptable. Please note that a template has n_ot been provided - students are expected to research business letter formats themselves. I Set out your letter with subheadings to separate each part of your letter as you address the criteria required. 0 Use of on appropriate professional way to begin and end your letter. You must consider the context of the letter who are you writing it to, and how would you communicate with them? 0 The use of appropriate language, accounting terminology and reference in your letter to the specic information presented in the question. 0 No specic word count is prescribed. However; given the nature of the questions, it would be expected that the entire letter (including address and sign-off) should require no more than one A4 page