Perform preliminary analytical procedures using the information provided to help you identify any relatively risky areas that may need further attention during the audit. $[2]$ Focus specifically on each of the following balance$-$related management assertions for the inventory account: existence, completeness, valuation, and rights and obligations. Link any risks you identified for this account in question $1$ to the related management assertion. Briefly explain identified risks for the inventory account that require further attention, if any.