need full help with the whole of question 2 plz

Question 2 (40 marks] 2.1 Explain why these external users of financial statements use financial statements for decision making: [10 marks] Investors Lenders Suppliers Government Management 2.2 Briefly discuss providing a well-reasoned answer as to what you consider the difference between recording and reporting in the practice of accounting. [6 marks] 2.3 Define the following terms: 2.3.1 Income [2 marks] 2.3.2 Expense [2 marks] 2.3.3 Equity [2 marks] The accountant of Butler Ltd has gone on sick leave and there are some outstanding issues. The Finance Director provided you with the following statement of financial position of Butler Ltd. Statement of financial position on 31 December 2018 ASSETS PPE Share capital ( 2 000 000 authorises NPV shares) Cash Overdraft Inventory Trade receivables Shareholders for dividends Total assets 590,000.00 250,000.00 10,000.00 (4,000.00) 52,000.00 30,000.00 22,000.00 950,000.00 Equity and liabilities Retained earnings Trade payables Long-term loans Accumulated depreciation Income tax expense Total equity and liabilities 610,000.00 220,000.00 158,000.00 42,000.00 60,000.00 1,030,000.00 You are required to: 2.4 Write a report critically evaluating the presentation of the above statement according to the requirements IAS 1. [18 marks]