either one of two questions below (I preferred the first one) 1. ))Daryl Kirby opened Squid Realty Co. on January 1, 2013. At the end of the first year, the business needed additional capital. On behalf of Squid Realty Co., Daryl applied to Ocean National Bank for a loan of $375,000. Based on Squid Realty Co.s financial state- ments, which had been prepared on a cash basis, the Ocean National Bank loan officer rejected the loan as too risky. After receiving the rejection notice, Daryl instructed his accountant to prepare the financial statements on an accrual basis. These statements included $65,000 in accounts receivable and $25,000 in accounts payable. Daryl then instructed his accountant to record an additional $30,000 of accounts receivable for commissions on property for which a contract had been signed on December 28, 2013. The title to the property is to transfer on January 5, 2014, when an attorney formally records the transfer of the property to the buyer. Daryl then applied for a $375,000 loan from Free Spirit Bank, using the revised financial statements. On this application, Daryl indicated that he had not previously been rejected for credit. Q: Discuss the ethical and professional conduct of Daryl Kirby in applying for the loan from Free Spirit Bank. 2.))The following is an excerpt from a telephone conversation between Ben Simpson, presi- dent of Main Street Co., and Tami Lundgren, owner of Reliable Employment Co. Ben: Tami, youre going to have to do a better job of finding me a new computer programmer. That last guy was great at programming, but he didnt have any common sense. Tami: What do you mean? The guy had a masters degree with straight As. Ben: Yes, well, last month he developed a new financial reporting system. He said we could do away with manually preparing an end-of-period spreadsheet (work sheet) and financial statements. The computer would automatically generate our financial statements with a push of a button. Tami: So whats the big deal? Sounds to me like it would save you time and effort. Ben: Right! The balance sheet showed a minus for supplies! Tami: Minus supplies? How can that be? Ben: Thats what I asked. Tami: So, what did he say? Ben: Well, after he checked the program, he said that it must be right. The minuses were greater than the pluses. . . . Tami: Didnt he know that Supplies cant have a credit balanceit must have a debit balance? Ben: He asked me what a debit and credit were. Tami: I see your point. Q:Comment on (a) the desirability of computerizing Main Street Co.s financial reporting system, (b) the elimination of the end-of-period spreadsheet (work sheet) in a computerized accounting system, and (c) the computer programmers lack of ac- counting knowledge