Please answer part A and Part B with working on how you got the answer. Thank you

QUESTION FOUR for Part A The cases below are independent from each other: erns Enterprise is in operation, but its owner values the entity's assets on liquidation basis. a) O'H Australian Taxation Office (ATO) has launched a major tax audit investigation on Superior Trans r Ltd. It is possible that Superior Trans Ltd would have to pay a erable fine to ATO. However, ATO advised the company that the outcome of not be known until the end of next financial year. Superior Trans Ltd recognise any liability for this unresolved tax audit and did not disclose the b) The the tax a did not event in the current financial year annual report REQUIRED dentity the accounting concept or principle violated in each of the above cases. Explain your answer fully by making reference to the cases Part B On 1 January 2015, Narita Ltd had a balance of $25,000 in (Retained Earnings) $10,000 in General Reserve and $60,000 in Share Capital account During the year, the following transactions occurred: The company declared a 10% share-dividend (i.e. bonus shares) on its 10 shares on 2June 2015. The market price of Narita Ltd shares was13 per share on 2 June 2015 and this was determined to be the amount at which the dividend shares would be issued The share dividend was paid (i.e. bonus shares issued) on 31 July 2015. . Narita Ltd decided to transfer $5,000 from Retained Earnings to General Reserve on 12 August 2015. .Profit after income tax of Narita Ltd for the financial year ending 31 December 2015 was $12,000. page . 612, REQUIRED: On the basis of above information, prepare the equity section of the Statement of Financial Position of Narita Ltd as at 31 December 2015