For each of the following situations, indicate if there is a threat to independence. If so, state the threat and a possible safeguard. Clearly label each scenario in your response by which situation you are discussing. Situation 1 Peter Wall, CPA, CA, is unaware that his audit client, Teds Hardscape Co. makes up 20% of Peter Wall's firms revenues. Situation 2 Donna Cara goes to her assurance client, Sam's Car Sales to buy a used car for her daughter. Due to their business relationship, Sam offers Donna a vehicle below cost. Situation 3 Corey Pilgrim has been auditing Chuck's Pool and Spa Limited for many years. Chuck's Pool and Spa Limited has been experiencing financial difficulties and has not been able to pay its audit fees for the last three years. Chuck's now owes Corey Pilgrim $50,000 in assurance fees. Situation 4 Karen Largo has three review engagements. One of the review engagements is done for Sangha Meat Shop Ltd., which is 80% owned by her father-in-law, Sanchez Sangha. The remaining 20% of the Meat Shop is owned by Sanchez's four children. For each of the following situations, indicate if there is a threat to independence. If so, state the threat and a possible safeguard. Clearly label each scenario in your response by which situation you are discussing. Situation 1 Peter Wall, CPA, CA, is unaware that his audit client, Teds Hardscape Co. makes up 20% of Peter Wall's firms revenues. Situation 2 Donna Cara goes to her assurance client, Sam's Car Sales to buy a used car for her daughter. Due to their business relationship, Sam offers Donna a vehicle below cost. Situation 3 Corey Pilgrim has been auditing Chuck's Pool and Spa Limited for many years. Chuck's Pool and Spa Limited has been experiencing financial difficulties and has not been able to pay its audit fees for the last three years. Chuck's now owes Corey Pilgrim $50,000 in assurance fees. Situation 4 Karen Largo has three review engagements. One of the review engagements is done for Sangha Meat Shop Ltd., which is 80% owned by her father-in-law, Sanchez Sangha. The remaining 20% of the Meat Shop is owned by Sanchez's four children