Your Aunt Naivety is a fashion designer who is relatively well-known in the industry.She has retained Mr. K Itall (called “KI” from now on) who has misled your Aunt into thinking that he “Knows it all” when it comes to accounting.However, your Aunt is not quite sure about KI’s advice.She has presented the following situations and the advice she received from KI relating to her financial statements for the year ended 28thFebruary 2023.She wishes to have your opinion and the reasons as to why you say what you say.