accounting case, i want a case outline for it

Tomulka Tile Ltd. (TTL) is a wholesaler of floor, bathroom and other tiles. The company's head office and manufacturing facility is located in Etobicoke, however, they have 5 retail showrooms across the province. The company is privately owned by the Tomulka family and 2 other independent investors. As part of the ownership agreement with the independent investors, TTL must produce annual financial statements, reviewed by a CPA by March 30 each year. The statements are prepared in accordance with ASPE. TTL has a December 31 year end. It is now February 1, 2021 and you work for Macfarlane LLP, the professional services firm that completes the annual review. The partner on the engagement, Kayla Macfarlane, has asked that you begin some preliminary work on the financial statements. Kayla has asked that you prepare a report explaining the accounting requirements for each issue, and to quantify the impact on the financial statements, where possible. TTL provided you with the following information: a) As a way to retain customers, management started a customer loyalty program. The program provides a $5 future credit for every $100 spent in the store. During the year, TTL earned $2,670,000 in revenue. Management predicts that 50% of the credits will be redeemed for future purchases. b) During the year, TTL signed a contract to be an exclusive supplier of tiles for a new residential development. The contract will be for 2 years. The developer has paid a deposit of $100,000 to TTL in December 2020. This payment related to ordering all the sample tiles that will be set up in the developer's model homes. TTL will be delivering these tiles to the developer in the next few weeks. TTL recognized the revenue when the deposit was received. c) In July 2020, TTL decided to sell one of its retail locations. The location was not getting the "foot traffic in their store. The property was listed for sale on July 16, 2020. At first, the company was not getting a lot of interest in the sale because of the market conditions. They received a few "low ball" offers during the summer, but did not accept any. In October 2020, the market seemed to be rebounding and to help facilitate the sale, the company hired a consultant to help sell the location. Selling commissions are expected to be 4% of the total sale price. As of December 31, the company was in the final negotiating stages with a buyer. The retail store has a net book value of $4.5 million and the sale price is currently set at $4.3 million (which is the estimated fair value). The tax rate for TTL is 20%. d) In September 2020, TTL received a large order for tiles from a new customer. The customer's normal supplier was on strike and had to find an alternative supplier and so the customer came to TTL. The contract requires that the tiles be delivered in early January 2021. The order was completed on December 18, 2020 and was ready to ship at that time. The contract requires that the customer must receive the tiles, inspect and accept them before the contract is finalized. TTL shipped the tiles to the customer on December 28, 2020. TTL recognized the revenue once the items shipped. Required: Prepare the report requested. Tomulka Tile Ltd. (TTL) is a wholesaler of floor, bathroom and other tiles. The company's head office and manufacturing facility is located in Etobicoke, however, they have 5 retail showrooms across the province. The company is privately owned by the Tomulka family and 2 other independent investors. As part of the ownership agreement with the independent investors, TTL must produce annual financial statements, reviewed by a CPA by March 30 each year. The statements are prepared in accordance with ASPE. TTL has a December 31 year end. It is now February 1, 2021 and you work for Macfarlane LLP, the professional services firm that completes the annual review. The partner on the engagement, Kayla Macfarlane, has asked that you begin some preliminary work on the financial statements. Kayla has asked that you prepare a report explaining the accounting requirements for each issue, and to quantify the impact on the financial statements, where possible. TTL provided you with the following information: a) As a way to retain customers, management started a customer loyalty program. The program provides a $5 future credit for every $100 spent in the store. During the year, TTL earned $2,670,000 in revenue. Management predicts that 50% of the credits will be redeemed for future purchases. b) During the year, TTL signed a contract to be an exclusive supplier of tiles for a new residential development. The contract will be for 2 years. The developer has paid a deposit of $100,000 to TTL in December 2020. This payment related to ordering all the sample tiles that will be set up in the developer's model homes. TTL will be delivering these tiles to the developer in the next few weeks. TTL recognized the revenue when the deposit was received. c) In July 2020, TTL decided to sell one of its retail locations. The location was not getting the "foot traffic in their store. The property was listed for sale on July 16, 2020. At first, the company was not getting a lot of interest in the sale because of the market conditions. They received a few "low ball" offers during the summer, but did not accept any. In October 2020, the market seemed to be rebounding and to help facilitate the sale, the company hired a consultant to help sell the location. Selling commissions are expected to be 4% of the total sale price. As of December 31, the company was in the final negotiating stages with a buyer. The retail store has a net book value of $4.5 million and the sale price is currently set at $4.3 million (which is the estimated fair value). The tax rate for TTL is 20%. d) In September 2020, TTL received a large order for tiles from a new customer. The customer's normal supplier was on strike and had to find an alternative supplier and so the customer came to TTL. The contract requires that the tiles be delivered in early January 2021. The order was completed on December 18, 2020 and was ready to ship at that time. The contract requires that the customer must receive the tiles, inspect and accept them before the contract is finalized. TTL shipped the tiles to the customer on December 28, 2020. TTL recognized the revenue once the items shipped. Required: Prepare the report requested