Information Produced by the Entity (IPE) Example 1-Examples of IPE from a transaction process Complete the following table, indicating whether the item is an example of IPE from a transaction process and explain why or why not Item Accounts payable listing IPE? Why or why not? Fixed asset rollforward A listing of invoices for goods and services A bank statement Income tax reconciliation A bad debt reserve calculation Inventory and sales information that is used as the basis for determining the excess and obsolete inventory reserve An exception report A report of changes to payroll data A vendor invoice