answer both

3215 1)Patty Schneider was performing the independent audit for Drake storage, Inc. Patty was reviewing the work that her staff auditor had completed, and she had several concerns about the company's financial statements. Patty's staff has determined that Drake has underreported its cost of goods sold in order to overstate net income. Patty has spoken to Drake Storage's audit committee and discussed her concerns. The audit committee disagreed with the accounting firm's findings. What should Patty do? 2) Victor Brannon, senior accountant for Moose Corporation, was preparing the latest financial ratios. He knew that the ratios were watched carefully by Moose Corporation's lenders due to strict loan agreements that required the corporation to maintain a minimum current ration of 1.5. Victor knew that the past quarter's financial ratios would not meet the tender's requirement. His boss, Cara Romano suggested that Victor classify a Note Payable due in 11 months as a long term Hability. What should Victor do? What would you do? MacBook Pro 000 000 F4 99 72 DU A % O 5send a cha 7 8 9