Been Raciking my head over #2. Can anyone help me out please. Who will be more affected?

urther TIF 4-1 Ethics in Action statements using a New Wave Images is a graphics design firm that prepares its financial has prepared calendar year. Manny Kinn, the company treasurer and vice president of finance, be submitted a classified balance sheet as of December 31. In January, this balance sheet will from the along with an application for a loan from First Peoples Community Bank. An excerpt balance sheet follows: 25,000 Cash 85,000 Accounts receivable $250,000 Total assets The accounts receivable balance includes a loan to Tom Morrow, the company presi- borrowed the money from New Wave 18 months earlier for a down payment on a new home. Tom y assured Manny that he will pay off the loan within the year. Because Tom is the company president, Manny treats the amount due a trade account receiv addition, M that the bank a large balance in trade accounts receivable more favorably than a large personal loan to a single the $56,000 in the same manner on the preceding year's balance sheet. 1. Is Manny behaving ethically by reporting the loan to Tom as a trade a receivable? Why? 2. Who will be affected by Manny's decision