In this homework assignment we will focus on the AUDITING of accounts receivable. Feel free to use your undergraduate auditing textbook for assistance on this assignment. 1. In your own words, what does it mean for Accounts Receivable to "exist"? What does it mean for sales revenue to have "occurred"? 2. In your own words, what does it mean for Accounts Receivable to be "complete"? What does it mean for sales revenue to be "complete"? 3. In your own words, what does it mean for sales revenue to have proper "cutoff"? 4. In your own words, what does it mean for Accounts Receivable to be "properly valued"? 5. We will be working with a start-up company that manufactures and sells upper-end high- tech sportswear. The company sells its clothing to retail companies where the clothing is then sold to the end-user. The simple sales process looks something like this: a. Goods are ordered by the customer. b. Goods are shipped to the customer on account. c. Customer is invoiced for the total amount of the sale. d. Customer pays the invoice. Assuming that sales returns are either minimal or easy to estimate, at what point in the sales process should