Hanss increasingly irresponsible lifestyle has become a burden to his parents. Hans was recently arrested for reckless drivinghe crashed his car into a restaurant, causing considerable damage and injuring a patron. As a result of Hanss behavior, Peter has placed him on probationary leave of absence from Inger Marine but will allow him to retain his annual salary of 100,000. The restaurant patron is suing Hans for 700,000 in damages, and the restaurant owner estimates that it will take 500,000 to repair damages to his building. Hanss insurance will cover costs to a maximum of only 200,000. 4. Assess the impact of these events on Hanss liquidity and his personal financial statement. What course of action should he pursue? 5. Assess Hanss probable future ability to assume risk, based on information about his background and current living situation.