Prepare Balance Sheet Question #3 Marks 01+01+01+02+02+02+01 Considering yourself an Owner of a Merchandizing Business, Answer the following Questions Mention The Name Of The Business Things which you buy and sell, and what is the term used for those things Who are the stakeholders of your business Explain the operating cycle of your business Which inventory system is used in your business:(Perpetual or Periodic) and Why How your Income Statement is Different from the Income Statement of a Services based Business. When your Inventory is considered as an expense, and what is the name for this Expense