|During the course you will be required to develop a course project having to do with writing Notes for a fictitious annual report. In order to assist you in writing the Notes, you may use the Notes for Proctor & Gamble, as shown on pages 222-235; or, those for Tootsie Roll on pages 1317-1320. Although you may use these two companies as an example, you are not to use their notes, or the notes from any other company. Your project should consist of; but not be limited to, the following:Note 1: Significant Accounting Polices (consisting of at least 10 items)Notes 2 – 10+ consisting of at least the following items:InventoryProperty, Plant & EquipmentContingencies and LiabilitiesChanges in Accounting Principles or EstimatesPost Balance Sheet EventsMergers and AcquisitionsLease ObligationsEPSLong-term DebtI have attached the notes from P & G pages 222-235 and the notes from Tootsie Roll pages 1317-1320.These are to be used as examples only. The project is asking us to create our own notes in our own words without using the exact verbiage from the notes of actual companies. let me know if anything else is needed.