Improper Use of SPEs: The SECs Complaint (2011) against Basin Water, Inc. alleged: The Defendants Materially Overstate Basins Q2 2007 And Year-To-Date Revenues By Engaging In A Sham $3.8 Million Sale To A Special Purpose Entity They Directly Or Indirectly Cause To Be Created (section F). After review- ing the signals for Enrons schemes of using SPEs to understate debt and to overstate earnings, identify the signals of the improper use of unconsolidated affiliates, or SPEs, that were present in the Enron case and can allegedly be found in Basin Waters notes to its financial statements. Explain why those signals could have been indica- tions that Basin Water may have alleg- edly overstated its sales and under- stated its loss.