Pls do not handwritten for easy reading Question:- Noel Gifts International Ltd("Noel') Annual Report for the year ending 30 June 2018 available from S&P Capital IQ platform. You should have already created an account an account on the S&P Capital IQ platform from your earlier courses. Also, note that the questions make reference to Singapore Financial Reporting Standards(FRS). a) Explain Noel's current revenue recognition policy and discuss the company's status with regards to the application of FRS115 Revenue from Contracts with customers b) list the types and amounts of revenue that Noel had recognized and the amount that had been deferred as a liability, Explain what this indicates about Noel's cash flow in relation to revenue recognition. Please also provide a screenshot from S&P Capital IQ platform to verify the total revenue in the financial report statement c) Discuss the requirement of FRS115 if a customer and the customer's subsidiary company both entered into various sales contracts with Noel at about the same time to make bulk purchases of hampers and gifts for the Chinese New Year season.