Knowledge Check $01$What are the two reasons that inventory must be estimated? $($You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.$)$ check all that applyA company uses the perpetual inventory system. unansweredA company experiences a casualty. unansweredYearly financial statements are prepared. unansweredInterim financial statements are prepared. unanswered