3. Athough Shlity Company has a physical inventory done at the end of each accounting period, the company has historically excluded goods in transit from its ending inventory calculations. A new accountant discovers this practice and is confilcted about how to handle this situation since the accountant belleves that the company's CEO is aware of the practice. Use the problemsolving model presented below to explain the accounting implications of the company/s practice and determine how the new accountant should handle this situation. Apply each step of the problem-solving model shown on the following page in evaluating this issue. Submit your response as a double-spaced analysis that is one to two pages in length. (total: 9 points) Problem-Solving Model Step :1: Describe the problem (2 points) a. Idently stakeholders b. Identlfy knowns and unknowns c. explain root causes Step 12: Identify alternatives: explore constraints (2 points) Step \#3: Evaluate alternatives: define short-term and long-term criteri 2 points) Step i4: Select an alternative (1 point) Step AI: Implement the decision (2 points) a. Develop an implementation plan b. Plan for contingencles c. Measure and evaluate results d. Identify subsequent problems to resolve