QUESTION ONE. (30 MARKS) A. Having gone through the principles II class, imagine you are an intem at Floro agro florists and its end year. The Warehouse Manager is overwhelmed with work and realize that you can just be the perfect person to help him with inventory related issues after he realizes a glitch in some year's records. The information for the years in question has been provided as follows: 2018 2019 2020 Current Assets Non-Current Assets Total Assets Long term Liabilities Revenue Cost of Sales 1.000 1.250 5.000 6.250 6,000 7.500 2,000 2.500 1.000 1.250 40% on cost for all the Years 1.750 8,750 10.500 3.500 1.750 Assume that ending Inventory was overstated by KI, 500 in 2018 and Understated by K10,000 ends of 2019. Required Calculate the cost of goods sold for the years 2018, 2019, and 2020 (6 Marks) b. Calculate the Owners Equity value for the years 2018, 2019 and 2020 Marks) c. Calculate the correct values for the below listed items in 2018 and 2019 indicating the effect with an explanation. (21 Marks) Current Assets Non-current Assets Total Assets IV Long term Liabilities V Owners Equity Revenue Cost of sales Gross Profit