When preparing Notes to the Financial Statements ensure that the following information is included: $1.$ The Accounting Policies used by MiCasa a$)$ Clearly indicate that Mi Casa follows the Accounting Standards for Private Enterprise $($ASPE$)$ and provide a brief explanation of its implications for readers of the financial statements $2.$ Identify the specific policies adopted, such as the depreciation method and revenue recognition method. Do not use internal policies formulated by Sarah, as they are intended for internal purposes only and are not suitable for inclusion in the financial statements. Instead, refer to the sample financial statements for guidance. $3.$ Disclose the common share information. Mi Casa has an unlimited amount of shares authorized. $4.$ Disclose relevant information concerning future cash outflows, particularly the interest and principal payments on the company's loans. $5.$ Provide details about any combined totals presented on the Balance Sheet.