manum Thes The Gide ithe Group Inc. (Group) is domiciled in Connecticut and is in the business of other crengine parts for new and used car engines. Its business has been impacted by the in ce of the COVID-19 coronavirus pandemic and the measures adopted by the State ofrytosecticut to mitigate its spread. Although the State of Connecticut did not close manufacturing and construction entities during the pandemic, many Car Engine Group customers in other states were forced to close their operations, at least partially, during the 2020 calendar year. Group management has concluded that there are no material uncertainties that may cast significant doubt on its ability to continue as a going concern; however, reaching that conclusion involved significant management judgements about the COVID-19 outlook for 2021 going into 2021. In March 2020, product demand dropped off substantially due to auto manufacturing curtailing across the consolin new car manufactures slowed their new car productions manufacturing plant thing we okstinct, but equal, manufacturing lines in the Connecticut plant. Because of the soe ole olam auto manufacturing, only one manufacturing line stayed open while two lines wo liro luporarily closed. The employees working on the two lines were also temporarily furloughed. Group management considered themselves fortunate: the manufacturing building and equipment was owned outright by Car Engine Group Inc. and the only bank debt carried by Group was a working line of credit based on inventory and accounts receivable by a local Connecticut bank Group management started discussions with the bank about loan modifications when the product slowdown occurred. As escomesadas. flamandalam dan March 267A aratamdagens gennkat muonnatttionatidonwdowawcwn orpreura occurrowwm ocurrrowlowdowwwdowwan By a locupy that Cros. 1 a (Concal hal. (62) ad abwat malam P.mxuyanufaantoan employment in other connectiilit manufa manufacturers, and a tight labor market for employees aganang maagaagaagaesuraugaagen with manufacturing skill sets made new employees difficult to find. aaa Demand accelerated so quickly that Group manufacturing added a second shift to two of the three manufacturing lines. Because the labor market was tight, Car Engine Group raised wages for all its employees and paid "stay" bonuses to current employees. Price increases were difficult to pass through to the major car manufacturers, however, so Group profit margins were squeezed despite higher sales volume in the last five months of the 2020 calendar year. Required: You are the auditor for Car Engine Group Inc. for the January 31, 2021 year end. US GAAP now requires LLC's managemei o mansider Going Concern based on guidelines in FASB ASU 2014-15. Group manageanantainy written a footnote to address the Going Concern issues during its January 3 luy Januaryy: end and has asserted it's probable the going concern issues have been allen 3 beem 12 months beyond the expected report release date of May 15, 2021. As auditors.Asr types of forward looking analyses and does