Practical Exam InstructionsPractical Exam Instructions Part 1- Practical Exam Before you begin this examination, please make sure that your word processor is started and you are ready to begin a new document. You are going to draft two documents based on the text of a formal meeting. After reading the text, use your computer to draft: Report #1-An Agenda for the formal meeting Report #2- Minutes of the formal meetingYou will be expected to use the proper order and format you learned in the course. Remember to check your documents for grammatical and spelling errors.Report #1- Agenda1.Text from a formal meetingThe annual meeting of Misty Towers Limited Partnership was held on April 30,20xxat2:00p.m.at the head office, 1446 Mountain Drive, Aspen, Colorado. Kamal Singh, Cheryl Walsh, Andr Pendeau and Jane Adams were present. However, Sue Williamson and Melissa Martinez were unable to attend. Dr. Andrew James, a guest from Realto Realty Ltd., also sat inon our meeting. The meeting was called to order by Kamal Singh and he declared that a quorum was present.Minutes of the last annual meeting were read. It was moved by Cheryl Walsh, secondedby Andr Pendeau, that the minutes be accepted as read. The motion was passed unanimously.Mr. Kamal Singh, representing the General Partnership, delivered a report on the financial affairs of the Partnership. Following this report, Mr. Andr Pendeau presented a synopsis of the renovations completed to date. A short discussion followed, during which Mr. Pendeau fielded several questions. Then Ms. Jane Adams delivered an occupancy report on the property (copy attached).At our annual meeting of April 29,20xx, there was a request for a cash flow summary for 20xx, which was tobe included in the 20xx annual report. This had been inadvertently omitted. Andr Pendeau requested that the minutes record the fact that he wrote to the Manager, Investor Relations, on January 11,20xx and did not receive a reply until February 15,20xx. Andr Pendeau moved, secondedby Jane Adams, that a copy of the annual meeting minutes, along with a cash flow projection for 20xx,be supplied to all of the Limited Partners within 120 days, and that the 20xx minutes also be sent out. The motion was carried.The following resolution, Beit resolved that the renovations to Misty Towers be completed by December 31,20xx, was moved by Kamal Singh, secondedby Cheryl Walsh, and approved by the Limited Partners. The meeting adjourned at4:30p.m.It was decided that the next annual meeting would be held in the same location on April 29,20xx.2. Save your file as Exam Report 1.docx to your personal folder. Report #2- Minutes1. Using the Text from a formal meeting above, draft the Minutes of the formal meeting.2. Save your file as Exam Report 2.docx to your personal folder.3. Remember to check Reports #1