As its year-end approaches, it appears that Mendez Corporation's net income will increase 10% this year. The president of Mendez Corporation, nervous that the stockholders might expect the company to sustain this 10% growth rate in net income in future years, suggests that the controller increase the allowance for doubtful accounts to 4% of receivables in order to lower this year's net income. The president thinks that the lower net income, which reflects a 6% growth rate, will be a more sustainable rate of growth for Mendez Corporation in future years. The controller of Mendez Corporation believes that the company's yearly allowance for doubtful accounts should be 2% of receivables. Question 13 (1 point) Saved Who are the stakeholders in this transaction? President Controller Stockholders President, Controller, and Stockholders Question 14 (1 point) Saved Does the controller face an ethical dilemma? No, this amount is an estimate and the controller must comply with the president's request. No, protecting the shareholder's stock value is paramount and the controller should do what is best for them. Yes, the controller cannot intentionally prepare incorrect financial statements