Please send it asap

stion 5 10 points SAVE ANSWER ou are the engagement partner for the financial report audit of Funnell Ltd for the year ended 30 June 2020. The following material events r transactions have come to your attention before you are scheduled to issue your report on 31 August 2020: 1. On 14 July 2020, Funnell settled and paid a personal injury claim of a former employee as a result of an accident that occurred in March 2020. The company has not previously recorded a liability for the claim. 2. On 17 July 2020, Funnell agreed to purchase for cash the outstanding shares of Geelan Ltd. This acquisition is likely to double the sales volume of Funnell. 3. On 20 July 2020, the directors became aware of broken glass found in their fish tanks. This product had only been on sale for two weeks and had been purchased directly from the manufacturer, Howcroft Ltd, an unrelated company in Bangladesh, one week prior to being introduced to the public. Required: For each of the three (3) above events or transactions, identify an audit procedure that should have brought the issue to the auditor's attention AND determine the accounting treatment required in the financial report for the year ended 30 June 2020. Justify your choice of accounting treatment. In the answer below please write the letter followed by your answer. Eg. (1) Your answer (2) Your answer For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)