I need someone who can help me with this homework assignment. Note: this problem has been previously posted but it has yet to be answered correctly. I have to choose the appropriate option for each question in red. I'm really struggling.

Task 2: A CPA firm is preparing for the year 6 audit of Hiver Co., a calendar-year-end non-issuer. An audit staff member used the year 5 audit request list for Hiver as the basis for drafting the year 6 request list. Additional client information was obtained during the audit planning meeting with the client.

As the audit senior for this engagement, it is your responsibility to review and revise the year 6 request list for Hiver, as needed. Use the additional client information in the file ACCT444CD#2Exhibits to revise the draft request list, correcting any errors and removing any inappropriate or unnecessary items, given the overall context and purpose of the list. Ensure that the year 6 list is appropriate, given the information provided.

Materiality for the year 6 financial statement audit is $55,000.

To revise the Audit Request List, go to each section of BOLDED text below and select the needed correction, if any, from the list provided. If the underlined text is already correct in the context of the note disclosure, select [Leave Original text] from the list. If removal of the entire underlined text is the best revision to the list, select [Delete] from the list.

Given information to answer questions in red:

Please have the materials listed below ready when we arrive on site. Unless a different tated, these documents should be as of and for the year ended December 31, year 6 . 1. Final trial balance 2. Bank reconciliations for March, September, and December, year 6 3. Bank statements for December, year 6 , and January, year 7 4. Property, plant and equipment roll-forward 5. Edgewater Industrial Estate Lease Agreement: Chose an option below a. [Leave Original text] Edgewater Industrial Estate Lease Agreement b. Delete Text c. Change text to Edgewater Industrial Estate property tax expense analysis d. Change text to Edgewater Industrial Estate purchase contract e. Change text to Proof of Edgewater Industrial Estate property insurance 6. Furniture and fixtures purchase documentation: Choose an option below a. [Original text] Furniture and fixtures purchase documentation b. [Delete Text] c. Furniture and fixtures sale documentation d. Office equipment purchase documentation e. Office equipment sale documentation 7. New motor vehicle purchase agreement a. [Original text] b. [Delete Text] c. Documentation supporting the sale of the motor vehicle asset d. Documentation supporting the scrapping of the motor vehicle asset e. New motor vehicle lease agreement 8. Accounts receivable aging analysis 9. Documentation supporting the allowance for doubtful accounts 10. Accounts payable aging analysis 11. Finished inventory detail 12.WIP inventory detail 13. Raw material inventory detail 14. Documentation supporting issuance of 50,000 shares at $0.30 per share a. [Original text] b. [Delete Text] c. Documentation supporting issuance of 150,000 shares at $0.10 per share d. Documentation supporting issuance of 150,000 shares at $0.20 per share e. Documentation supporting issuance of 150,000 shares at $0.30 per share f. Documentation supporting issuance of 50,000 shares at $0.10 per share g. Documentation supporting issuance of 50,000 shares at $0.20 per share 15. Quarterly board of directors meeting minutes 16. Management's review of third-party loan interest a. [Original text] Management's review of third-party loan interest rates b. [Delete Text] c. Copy of the loan agreement with J. Hiver d. Copy of the loan agreement with M. Moore e. Evidence of approval by D. Chen for the loan to J. Hiver f. Management's due diligence work related to providing the loans 17. Prepaid expenses analysis 18. Accrued expenses analysis 19. Sales register 20. Documentation supporting dividends paid 21. Account 6900 expense analysis a. [Original text] Account 6900 expense analysis b. [Delete Text] c. Account 6806 expense analysis d. Account 7115 expense analysis e. Account 7500 expense analysis 22. Payroll reconciliation ACCT 444 - CD DH2 - Exhibits \#1 - Letter from CFO From: cfo@hiverco.com Sent: June 6, year 6 2:13 PM To: controller@hiverco.com Subject: Edgewater Industrial Estate Controller, We have agreed on the terms for the purchase of our office in Edgewater Industrial Estate with a closing date of August 31, year 6 . The agreed purchase price of the property is $2,287,525. Thank you, CFO P:+1.234.657.8910 cfo@hiverco.com \#2 - Hiver Co, - Minutes of Special Meeting of August 28, year 6 MOTION: That the loan to J. Hiver be approved as circulated and distributed September 1, year 6. ACTION: APPROVED by quorum \#3 - Hiver Co. - Year Ended December 31, year 6 - Comparative Unadjusted trial balance \begin{tabular}{|c|l|r|r|r|r|} \hline \multicolumn{1}{|l|}{ } & \multicolumn{2}{|c|}{ Year 6 } & \multicolumn{2}{c|}{ Year 5 } \\ \hline Account Number & \multicolumn{1}{|c|}{ Account Description } & \multicolumn{1}{|c|}{ Debit } & \multicolumn{1}{c|}{ Credit } & \multicolumn{1}{c|}{ Debit } & Credit \\ \hline 1010 & Bank account no. 001039673 & 5,136,000 & & 5,735,000 & \\ \hline 1012 & Bank account no. 001035821 & 25,400 & & 31,250 & \\ \hline 1014 & Bank account -deposit & 1,200,000 & & 2,100,000 & \\ \hline 1050 & Bank account -payroll & 12,635 & & 21,760 & \\ \hline 1200 & Account receivable & 3,264,500 & & 2,975,800 & \\ \hline 1205 & Allowance for doubtful accounts & & (456,250) & & (82,000) \\ \hline 1300 & Prepaid expenses & 7,200 & & 8,100 & \\ \hline 1401 & Finished goods inventory & 780,500 & & 725,300 & \\ \hline 1405 & WIP inventory & 72,850 & & 82,450 & \\ \hline 1408 & Raw materials inventory & 203,640 & & 197,350 & \\ \hline 1600 & Office equipment & 175,000 & & 175,000 & \\ \hline 1601 & Accumulated depreciationoffice equipment & & (62,500) & & (36,500) \\ \hline \end{tabular} \begin{tabular}{|c|l|r|r|r|r|} \hline 4110 & Sales discounts & 143,800 & & 152,400 & \\ \hline 4111 & Sales returns & 72,400 & & 78,350 & \\ \hline 4200 & Bank interest income & & (77,500) & & (97,200) \\ \hline 4300 & Gain on sale of motor vehicle & & (8,925) & & (4,200) \\ \hline 5050 & Raw materials & 9,058,140 & & 8,090,720 & \\ \hline 5060 & Payrollmanufacturing & 1,436,000 & & 1,413,700 & \\ \hline 5090 & Freight expense & 42,300 & & 37,650 & \\ \hline 6500 & Insurance expense & 23,110 & & 23,000 & \\ \hline 6800 & Payrollmanagement & 850,750 & & 790,600 & \\ \hline 6805 & Payrolladministrative & 498,205 & & 462,400 & \\ \hline 6806 & Payroll processor fees & 2,400 & & 2,400 & \\ \hline 6900 & Sundry expense & 890 & & 14,500 & \\ \hline 7050 & Legal fees & 23,000 & & 5900 \\ \hline 7060 & Auditing and accounting fees & 32,500 & & 21,500 & \\ \hline 7100 & Business meals & 5,200 & & 29,800 & \\ \hline 7105 & Travel expense & 12,700 & & 5,130 & \\ \hline 7115 & Postage expense & 670 & & 13,950 & \\ \hline 7201 & Utilities & 82,860 & & 500 & \\ \hline 7500 & Repairs and maintenance & 137,000 & & & \\ \hline 7600 & Depreciation expense & 77,950 & & & \\ \hline \end{tabular} \begin{tabular}{|c|l|r|l|r|r|} \hline 7700 & Bad debt expense & 385,000 & & 12,750 & \\ \hline 7800 & Bank interest expense & 35,910 & & 38,460 & \\ \hline 8000 & Income tax expense & 1,903,390 & & 181,445 & \\ \hline & & 35,965,925 & (35,965,925) & 24,261,345 & (24,261,345) \\ \hline \end{tabular} Please have the materials listed below ready when we arrive on site. Unless a different tated, these documents should be as of and for the year ended December 31, year 6 . 1. Final trial balance 2. Bank reconciliations for March, September, and December, year 6 3. Bank statements for December, year 6 , and January, year 7 4. Property, plant and equipment roll-forward 5. Edgewater Industrial Estate Lease Agreement: Chose an option below a. [Leave Original text] Edgewater Industrial Estate Lease Agreement b. Delete Text c. Change text to Edgewater Industrial Estate property tax expense analysis d. Change text to Edgewater Industrial Estate purchase contract e. Change text to Proof of Edgewater Industrial Estate property insurance 6. Furniture and fixtures purchase documentation: Choose an option below a. [Original text] Furniture and fixtures purchase documentation b. [Delete Text] c. Furniture and fixtures sale documentation d. Office equipment purchase documentation e. Office equipment sale documentation 7. New motor vehicle purchase agreement a. [Original text] b. [Delete Text] c. Documentation supporting the sale of the motor vehicle asset d. Documentation supporting the scrapping of the motor vehicle asset e. New motor vehicle lease agreement 8. Accounts receivable aging analysis 9. Documentation supporting the allowance for doubtful accounts 10. Accounts payable aging analysis 11. Finished inventory detail 12.WIP inventory detail 13. Raw material inventory detail 14. Documentation supporting issuance of 50,000 shares at $0.30 per share a. [Original text] b. [Delete Text] c. Documentation supporting issuance of 150,000 shares at $0.10 per share d. Documentation supporting issuance of 150,000 shares at $0.20 per share e. Documentation supporting issuance of 150,000 shares at $0.30 per share f. Documentation supporting issuance of 50,000 shares at $0.10 per share g. Documentation supporting issuance of 50,000 shares at $0.20 per share 15. Quarterly board of directors meeting minutes 16. Management's review of third-party loan interest a. [Original text] Management's review of third-party loan interest rates b. [Delete Text] c. Copy of the loan agreement with J. Hiver d. Copy of the loan agreement with M. Moore e. Evidence of approval by D. Chen for the loan to J. Hiver f. Management's due diligence work related to providing the loans 17. Prepaid expenses analysis 18. Accrued expenses analysis 19. Sales register 20. Documentation supporting dividends paid 21. Account 6900 expense analysis a. [Original text] Account 6900 expense analysis b. [Delete Text] c. Account 6806 expense analysis d. Account 7115 expense analysis e. Account 7500 expense analysis 22. Payroll reconciliation ACCT 444 - CD DH2 - Exhibits \#1 - Letter from CFO From: cfo@hiverco.com Sent: June 6, year 6 2:13 PM To: controller@hiverco.com Subject: Edgewater Industrial Estate Controller, We have agreed on the terms for the purchase of our office in Edgewater Industrial Estate with a closing date of August 31, year 6 . The agreed purchase price of the property is $2,287,525. Thank you, CFO P:+1.234.657.8910 cfo@hiverco.com \#2 - Hiver Co, - Minutes of Special Meeting of August 28, year 6 MOTION: That the loan to J. Hiver be approved as circulated and distributed September 1, year 6. ACTION: APPROVED by quorum \#3 - Hiver Co. - Year Ended December 31, year 6 - Comparative Unadjusted trial balance \begin{tabular}{|c|l|r|r|r|r|} \hline \multicolumn{1}{|l|}{ } & \multicolumn{2}{|c|}{ Year 6 } & \multicolumn{2}{c|}{ Year 5 } \\ \hline Account Number & \multicolumn{1}{|c|}{ Account Description } & \multicolumn{1}{|c|}{ Debit } & \multicolumn{1}{c|}{ Credit } & \multicolumn{1}{c|}{ Debit } & Credit \\ \hline 1010 & Bank account no. 001039673 & 5,136,000 & & 5,735,000 & \\ \hline 1012 & Bank account no. 001035821 & 25,400 & & 31,250 & \\ \hline 1014 & Bank account -deposit & 1,200,000 & & 2,100,000 & \\ \hline 1050 & Bank account -payroll & 12,635 & & 21,760 & \\ \hline 1200 & Account receivable & 3,264,500 & & 2,975,800 & \\ \hline 1205 & Allowance for doubtful accounts & & (456,250) & & (82,000) \\ \hline 1300 & Prepaid expenses & 7,200 & & 8,100 & \\ \hline 1401 & Finished goods inventory & 780,500 & & 725,300 & \\ \hline 1405 & WIP inventory & 72,850 & & 82,450 & \\ \hline 1408 & Raw materials inventory & 203,640 & & 197,350 & \\ \hline 1600 & Office equipment & 175,000 & & 175,000 & \\ \hline 1601 & Accumulated depreciationoffice equipment & & (62,500) & & (36,500) \\ \hline \end{tabular} \begin{tabular}{|c|l|r|r|r|r|} \hline 4110 & Sales discounts & 143,800 & & 152,400 & \\ \hline 4111 & Sales returns & 72,400 & & 78,350 & \\ \hline 4200 & Bank interest income & & (77,500) & & (97,200) \\ \hline 4300 & Gain on sale of motor vehicle & & (8,925) & & (4,200) \\ \hline 5050 & Raw materials & 9,058,140 & & 8,090,720 & \\ \hline 5060 & Payrollmanufacturing & 1,436,000 & & 1,413,700 & \\ \hline 5090 & Freight expense & 42,300 & & 37,650 & \\ \hline 6500 & Insurance expense & 23,110 & & 23,000 & \\ \hline 6800 & Payrollmanagement & 850,750 & & 790,600 & \\ \hline 6805 & Payrolladministrative & 498,205 & & 462,400 & \\ \hline 6806 & Payroll processor fees & 2,400 & & 2,400 & \\ \hline 6900 & Sundry expense & 890 & & 14,500 & \\ \hline 7050 & Legal fees & 23,000 & & 5900 \\ \hline 7060 & Auditing and accounting fees & 32,500 & & 21,500 & \\ \hline 7100 & Business meals & 5,200 & & 29,800 & \\ \hline 7105 & Travel expense & 12,700 & & 5,130 & \\ \hline 7115 & Postage expense & 670 & & 13,950 & \\ \hline 7201 & Utilities & 82,860 & & 500 & \\ \hline 7500 & Repairs and maintenance & 137,000 & & & \\ \hline 7600 & Depreciation expense & 77,950 & & & \\ \hline \end{tabular} \begin{tabular}{|c|l|r|l|r|r|} \hline 7700 & Bad debt expense & 385,000 & & 12,750 & \\ \hline 7800 & Bank interest expense & 35,910 & & 38,460 & \\ \hline 8000 & Income tax expense & 1,903,390 & & 181,445 & \\ \hline & & 35,965,925 & (35,965,925) & 24,261,345 & (24,261,345) \\ \hline \end{tabular}