Only need 1 and 2 answered

Hallergan Company produces car and track batteries that it sells primarily to auto manufacturers. Hawkins, the company's controller, is preparing the financial statements for the year ended December 31, 2016. Hawkins asks fee your advice concerning the following information that has not yet be included in the statements. The statements will issued on 28, 2017. 1 leases its facilities from the brothel of the chief executive officer. 2 On January 8, 2017. Hallergan an agreement to sell a tract of land that it had been as an The sale, which in a gain, was completed on February 2, 2017. the method to determine on all the company's assets. 4. On February 8, 2017, Hallergan completed negotiations with its bank for a $10,000,000 line of credit. 5. Hallergan uses the first-in, first-out (FIFO) method to value inventory. For each of the above items, discuss any additional disclosures that Hawkins should include in Hallergan's financial statements