PAD 505 Week 2 DQ1PAD 505 Week 2 DQ1âOrganizing Budget Data and Chart of Accountsâ Please respond to the following:From the first e-Activity, discuss at least two challenges in working with the Chart of Accounts. Explain why they are challenges.From the second e-Activity with the budget simulation game, identify and explain your choices for reductions and increases. Discuss at least two lessons you learned about the challenge of balancing the federal budget