Colleen Fernandez, president of Rhino Enterprises, applied for a $175,000 loan from First Federal Bank. The bank requested financial statements from Rhino Enterpirses as a basis for granting the loan. Colleen has told her accountant to provide the bank with a balance sheet. Colleen has decided to omit the other financial statements because there was a net loss during the past year. Requirements: (Answer the following questions: 2-3 paragraphs each) Remember, each paragraph should ALWAYS be 5-8 sentences. 1. Is Colleen behaving in a professional manner by omitting some of the financial statements? What does each statement really tell about a company? 2. What types of information about their businesses