BTN 18-3 Assu CDs, and DVDs. It ume that you are the managerial accountant at Infostore, a manufacturer of hard drives, ETHICS CHALLENGE C1 C3 s reporting year-end is December 31. The chief financial officer is concerned about ving enough cash to pay the expected income tax bill because of poor cash flow management. On November 15, the purchasing dep of rapid growth of this product beginning in January. To decrease the company's tax liability, the chief financial officer tells you to record the purchase of this inventory as part of supplies and expense it in the current year; this would decrease the company's tax liability by increasing expenses artment purchased excess inventory of CD raw materials in anticipation Required unt should the purchase of CD raw materials be recorded? 2. How should you respond to this request by the chief financial officer