As auditor of the Star Manufacturing Company, you have obtained a trial balance taken from the books of Star one month before year-end 5 (Click the icon to view the trial balance.) There are no inventories consigned either in or out. All notes receivable are due from outsiders and held by Star. CD Requirement Which accounts should be confirmed with outside sources? Briefly describe from whom they should be confirmed and the information that should be confirmed. (-.. (To identify the information to be confirmed, select the best choice from the list of A-N below. Assume significant individual transactions occurred in each sales and expense category.) (Click the icon to view the choice for "information to be confirmed".) From Whom Information to Be Account Name Confirmed Confirmed Data table Dr. (Cr.) Dr. (Cr.) TA $ Cash in bank Trade accounts receivable Notes receivable Inventories Land Buildings, net Furniture, fixtures, and equipment, net Trade accounts payable 87,000 Mortgages payable 345,000 Capital stock 125,000 Retained earnings 317,000 Sales 66,000 Cost of sales 350,000 General and administrative expenses 325,000 Legal and professional fees (235,000) Interest expense $ (400,000) (300,000) (510,000) (3,130,000) 2,300,000 622,000 3,000 35,000 - More info A Name and address of the bank, amount on deposit for each account as of the balance sheet date plus the name of each account, the account number, whether or not the account is subject to withdrawal by check, and the interest rate if the account is interest bearing. The amount for which Star was directly liable to the bank for loans as of the balance sheet date plus the date of the loan, the due date, the interest rate, the date to which interest is paid, and description of the liability and collateral. B. Investment custodian C. Name and address of the debtor, account number (if applicable), the confirmation "as of" date, and the aged account balance or individual invoices included in such balance (with invoice date). D. Name and address of the debtor, date of the note, due date, unpaid balance at balance sheet date, payment arrangements, interest rate, date of last interest payment, collateral, if any, to secure the note. E Name and address of location at which inventory is on consignment, inventory date, detailed list of inventory on consignment at that location. E Name and address of public warehouse or other outside custodian, inventory date, detailed lists of inventory stored. G. Copy of insurance policy, date of policy, expiration of policy, beneficiaries of policy, and cash surrender value of policy at date of balance sheet. H. Description of property (land, building, and/or equipment), serial numbers for all equipment items, appraised value of each item as of the balance sheet date and as of the date of confirmation, collateral, if any, used to secure the property, and a list of any liens or mortgages on the property. 1. Name and address of the supplier, the amount due and the amount of any purchase commitments as of the balance sheet date. J. Name and address of mortgagee, original amount, date of note, maturity date, balance due at balance sheet date, payment arrangements, interest rate, interest payment dates, date of last interest payment, nature of defaults and if any events of default are known to mortgagee, and location of mortgaged property. K Original amount date of bond, maturity date, balance due at balance sheet date, payment arrangements, interest rate, interest payment dates, date of last interest payment, nature of defaults, and if any events of default are known to the bondholder. L. Name and address of transfer agent and registrar, number of shares of common stock authorized, issued, outstanding, and held as treasury shares for the company as of the balance sheet date. M. The auditor should request a letter from each attorney as to litigation being handled as of and subsequent to the balance sheet date. For each case, the attorney should give a description, report on its status as of the balance sheet date and as of the date of the letter, and give his or her opinion as to the ultimate liability. The attorney should also state Star's indebtedness to him or her as of the balance sheet date. N Name and address of outside party, and other specific information that would depend on the nature of the item and the reason the auditor believes it is necessary to confirm the item