Question $4[5$ marks$]$Exotica Fruits Ltd$,$ a Lincolnshire based fruit bottling and canning company, is looking to expand its operations. The directors are hoping to increase the range of preserved fruit products and in doing so will need to invest in new equipment. They are also hoping to open a new facility in the North Yorkshire near to the fruit farms of Sunderland and Bedford. The finance director has been asked to prepare a r$$sum$$ of the financial performance and position of the company in order that possible providers of finance can assess the potential of the company. The finance director wants to address all issues in her r$$sum$$ and has asked for your assistance.$$Requirements:Prepare brief notes for the finance director, addressing each of the following and using the$$Conceptual Framework$$as a source of reference.$($a$)$Explain the terms performance and position and identify which of the financial statements will assist the user in evaluating performance and position.$($b$)$Identify potential providers of finance for Exotica Fruits Ltd and their information requirements in respect of financial statements.$($c$)$Indicate why, for decision$-$making purposes, the financial statements alone are insufficient.