ACCT560 Instructions for Week 4 Research PaperChoose a publicly traded corporation and locate its annual report. Review the notes accompanying the company’s financial statements and identify five different areas that may impact your chosen corporation's taxes. In your paper you will label these areas A, B, C, D, and E.For each of the five areas that you identify, you will need to address the series of six questions listed further below, and clearly label your responses as A1 through A6, B1 through B6, and so forth. When complete, your final work product should contain 30 responses (five identified areas x six questions addressed for each area).RequirementsBegin your paper with a brief introduction clearly indicating the name of the publicly traded company you chose to research and provide a succinct description of its mission (i.e., explain what the company produces and sells or the service it provides to customers).Questions to be Addressed(For each of the five different areas that you’ve identified as having a potential impact on the selected company’s taxes, please address all of the following.)1.What is the specific note addressing this area, and what policies do the company have in place to address this item?2.What is the potential tax impact to the company of the policy(ies) they’ve chosen?3.What alternative choices does the company have as to how to treat this area, and how would these alternatives potentially impact net income?4.What is the relevant tax guidance that has been released by the IRS or FASB, and has it changed over the last 10 years? (At a minimum, check pre-TCJA and post-TCJA.)5.Would the tax impact to the company change if it were a different type of entity?6.What might an auditor specifically look for if this company was chosen for an IRS audit and this area was reviewed?