Balance 8

Since Smith Manufacturing is only in its second year of  operations,  management is unfamiliar with the process of issuing an annual  report.  The company's management is working on preparing the Management   Discussion and Analysis (MD&A) for the report. Even though it is   management's responsibility to prepare this section, they have asked for  your  assistance. They have asked that you conduct research to locate  the information  that is needed for the report. The research should  include the structure and  components of MD&A as well as any  applicable industry information that must  be used in the preparation of  the document. Also, they would like you to draft  a sample report so  they have an example to use. Feel free to use the  information that you  have already provided to Smith Manufacturing.