Problem Two - Chapter 8 - Parts A and B: Part A: When performing procedures in a search of unrecorded liabilities, auditors can utilize various sources of evidence/information (e.g., documents, files, management and clerical personnel). Required: (a) From an audit perspective, what are the main purposes of the search for unrecorded liabilities? What is the "directional" risk (overstatement verses understatement) the auditor is concerned about? (b) List and describe at least five sources of evidence and/or information for the search for unrecorded liabilities. Of the sources listed, which source of evidence would you consider to be the best source of audit evidence. Part B: The accounts payable listing of the Luna Company at December 31, 2022 shows the following open invoice: "\$132,812.50- Compact Press Machine." Inquiries with Luna Company management indicate the press is a capital asset under FASB ASC 360. (go to page 3)