You have been studying both business decisions and financial accounting decisions for Rogers Communications Inc. Respond to the following questions as they relate to Rogers Communications Inc. (you do not need the financial statements to answer the questions). 1. Suppose Rogers decided to write off some of its inventory because it could not be sold (perhaps it was damaged or destroyed). a. What journal entry (or worksheet entry) would Rogers make to record the write off? b. Suppose the amount of the write-off was sizable (material to Rogers). How or where would you report the write-off in the income statement? Explain why. c. Are there any alternatives as to how the amount of the write-off could be reported? d. How would different ways of reporting the write-off affect stakeholders' interpretations of the statements? 10 marks 2. Given the type of business it is in, do you think that Rogers is likely to have to address lower of cost and market (LCM) problems on a regular basis? Explain. 3 marks