Please use the info from the left to fill out the boxes on the excel on the right

Matchit LLC - reconciliation from US GAAP to IFRS state m e n r ended 12/31/2020 RE at 12131120 US GAAP to IFRS The companys plant was tested for impairment on 12/31/2020. companys plant and equipment had the following characteristics: On this date, the Transaction GAAP used lnc statement for statement for r ended r ended 12/31/2018 12/31/2019 US G AAP US G AAP IFRS US GAAP US G AAP US GAAP US GAAP US GAAP (vii) US GAAP (viii) 12/31/2020 Higher or Lower? Net book value Leca value Fair value selling price) Costs of asset dis osal Ex ected future cash flO'.vs from use Sl OOO COO 57001000 sso ooo sno oco Present value of e ted future cash flows 5600 000 Note the impairment has been accounted for in the U S GAAP financ'8,' Required: a) Prepare a reconciliation schedule that covens the company's 2020 net income calculation prepared under US. GAAP to IFRS (ignore taxation). b) Prepare a reconciliation schedule that coverts the company's December 31, 2020, stockholders' equity balance from LI.S G*AP to IFRS Clearly show all intermediate workings and state all assumptions (65 points) Briefly discuss whether your calculations for 2020 mcome and December 31, 2020, Stockholders' equity under IFRS prmride potential investors with more useful" information about the company's current performance than those drafted under US GAAP_ Suppon your answer by referring to the qualitative characteristics of useful financial information from the IASB's Conceptus,' Framework