You are about to complete the planning stage of the woda of Seymour Print Ladd you are considering your approach to several events that have occurred during the year Seymour Print Ltd's revenue for the year is $25 million and profits are 53 million Issues a) A customer has made a claim against Seymour Print Ltd for breach of contract. They claim that products were not delivered in accordance with the contract, and this led to them having to engage other contractors to carry out the work at great expense. The customer issuing Seymour Print Lid for damages of si million marks) b) A major customer has not paid Seymour Print Ltd for three months and the receivable balance at the year-end for this customer is $120,000. The customer is rumoured to be having significant cash now difficulties: however, Seymour Print Ltd's directors believe they will be paid as the customer is one of long standing and has always paid in the past. (6 marks) c) Seymour Print Ltd recently purchased new equipment for the factory. This replaced old machinery which is no longer being used, which is included in the balance sheet at a net written down value of $2 250 000. The old equipment has not reached the end of its originally expected useful life and remains on the balance sheet and is being depreciated in line with previous years. (7 marks) Q16 Describe and explain the substantive procedures that would provide sufficient appropriate evidence in relation to the issues outlined above