I need help filling out this chart for this case

Diamonds Forever DiamondsForever has been operating in the diamond business for four years and deals almost exclusively in investment diamonds. Althouch the ocasionally purchase other songs these purchases are on the basis of special de stones are bought from local suppliers and are generally sold within a few days and as such, they quests from existing clients. These special order are never material to the total inventory. DiamondsForever purchases both certified individualmends and of diamonds from a single supplier Diamondslast. The certified diamonds arrive wrapped in certified pares individual son paper wrappers that show the diamond categorization details on the front. The recorded details include color (which indicates quality cut (which indicates shapel. clarity (which indicates defects) and cart (which indicates weight. A n y assigned to each diamond wrapper and is written on the top right-hand corner of the front of the umber is wrapper. These details are also recorded in the inventory records, along with the purchase price extracted from the supplier invoice. The inventory of wrapped diamonds is stored in inventory number order in a diamond storage box holding similarly classified diam ads. The stage boxes are held in the safe located in the CEO's office. The CEO is the only person to have the sale code. The non-certified diamonds included in each purchase arrive as a single diamond parcel in a zip-seal plastic bag. The total carat weight is shown on the front of this bug. The diamonds purchased as a diamond parcelare sorted and split into smaller parcels. These smaller parcels are constructed by sorting and categorizing the purchased parcel of diamonds according to color, cut, clarity, and carat. The categorized diamonds are the stored in parcels in small pre numbered zip seal plastic bags. These parcels are sold by Diamonds Forever according to the parcel carat weight. Each of the categorized diamond parcel bags includes an inventory record sheet identifying the parcel number, the total quantity and total carat weight of the diamonds in the parcel, as well as the color, cut, clarity, and carat of each diamond in the parcel. This inventory record sheet is used as a subsidiary inventory record, with only the total number, total carat weight, and apportioned purchase price of the diamonds included in the main inventory records. To establish the purchase price of each small parcel, the total purchase price of the original purchased parcel is apportioned on a per-carat basis using the following fomula: total purchase price 3 (carat weight of small parvel total carat weight of purchased parcel). Similar to the individually wrapped diamonds, the diamond parcel zip-seal bags are stored in inventory number order in a diamond storage box. The storage boxes are held in the safe located in the CEO's office, along with the storage boxes for the individually wrapped certified diamonds Requirement 1: Inventory You are the new audit senior on the 2017 year-end audit of DiamondsForever. In planning for this audit your audit manager has asked you to familiarize yourself with both the physical inventory and the inventory recording system for the diamond parcels. Your audit manager has asked that you specifically consider the key audit assertions that need to be considered in relation to the audit of the diamond parcel inventory and the individually wrapped certified diamonds. Requirement 2: Sales Transaction Assume that the sales transaction outlined below has been selected for detailed testing as part of the 2017 year-end audit procedures: Sales transaction details. A new client, Innovative Investments, placed an urgent purchase order with DiamondsForever four days prior to year-end for the following diamonds: Five Rose-colored diamonds (one carat, F color rating, brilliant cut) with a sale price of $25,000 each; and Ten White diamonds (one carat, G color rating, princess cut) with a sale price of $6,000 each. This order was able to be filled using two diamond parcels currently in the DiamondsForever inventory. Specifically, diamond parcel number PX1-5 and diamond parcel number PX1-7. which were the 5th and 7th diamond parcels, respectively, constructed from diamonds purchased by DiamondsForever during 2017, were identified as containing diamonds matching this order. To ensure these diamonds were not able to be sold to another client, the inventory records and the sales journal were updated to reflect this transaction one day after receiving the order. Diamonds Forever shipped diamond parcel PX1-5 to Innovative Investments on the last day of the financial year, and diamond parcel PX1-7 was shipped on the first day of the new financial year. EXHIBIT 1 Answer Template A: Inventory Familiarization Answer Requirements Discuss and determine the key Account Balance Assertions that may be at risk for the diamond inventory