Jill Hudson owns apartment buildings in Oklahoma. Each property has a manager who collects rent, arranges for repairs, and runs advertisements in the local newspaper. The property managers transfer cash to Hudson monthly and prepare their own bank. reconciliations. The manager in Tulsa has been stealing large sums of money. To cover the theft. he understates the amount of the outstanding checks on the monthly bank reconciliation. As a result, each monthly bank reconciliation appears to balance. However. the balance sheet reports more cash than Hudson actually has in the bank. In negotiating the sale of the Tulsa property. Hudson is showing the balance sheet to prospective investors. Required 1. Identify two parties other than Hudson who can be harmed by this theft. In what ways can they be harmed? 2. Discuss the role accounting plays in this situation.