The following are four independent situations which describe two different (A and B ) sources of audit evidence: 1. (a)Visually inspecting an inventory of electronic components for potential obsolescence, (b) Performing an inventory turnover and sales analysis by products and product lines 2. (a) Observing the counting of a client's year end physical inventory by selecting samples from the inventory listing and re-performing test counts. (b) Confirming the inventory held at an independent warehouse by requesting a confirmation from the owner of the warehouse. 3. (a) Confirming a year-end bank balance with the client's banking institution. (b) Requesting that bank statements containing all the transaction activity for the period of December 31st to January 20 th be sent directly to the auditor. (Client yearend is December 31st) 4. (a) Vouching payments made to vendors and suppliers after year end to supporting invoices to determine if they were recorded in the proper pericd. (b) Requesting all significant vendors to send the auditor vendor statements at year end Required: A. For each source of evidence listed above (1(a), 1(b), 2(a), 2(b), 3(a), 3(b), 4(a), 4(b) ), identify the specific audit objective(s)/assertion(s) the auditor is most likely testing with the procedure B. For each situation (1 through 4), identify which of the two sources presents the most persuasive evidence and indicate the rationale for your