Assume that you are the auditor of ABC Inc, for the fiscal year $2006.$ No audit procedures have been performed other than general information gathering. Please read all the information given below carefully and then identify any possible material misstatements that exist in the accompanying financial statements and the notes. The following are the financial statements, explanations, and the notes, as provided by the management of ABC Inc. Please read them carefully and answer all the questions following the financial statements. Please complete the assignment to the best of your abilities and knowledge.