Inside Information Jim Brock was an accountant with Hubbard Inc., a large corporation with stock that was publicly traded on the New York Stock Exchange. One of Jim's duties was to manage the corporate reporting department, which was responsible for developing and issuing Hubbard's annual report. At the end of 2017, Hubbard closed its accounting records and initial calculations indicated a very profitable year. In fact, the net income exceeded the amount that had been projected during the year by the financial analysts who followed Hubbard's stock. Jim was pleased with the company's financial performance. In January 2018, he suggested that his father buy Hubbard's stock because he was sure the stock price would increase when the company announced its 2017 results. Jim's father followed that advice and bought a block of stock at $25 per share. On February 15, 2018, Hubbard announced its 2017 results and issued the annual report. The company received favorable press coverage about its performance, and the stock price on the stock exchange increased to $32 per share. Required: Use the Ethical Decision Framework in Exhibit 1-9 to complete the following requirements: 1. Recognize an ethical dilemma: What is the ethical issue in this case? 2. Analyze the key elements in the situation: Who may benefit from Jim's action? Who may be harmed from Jim's action? 3. List alternatives and evaluate the impact of each on those affected: What should Brock do if he decides he did act unethically? 4. Select the best alternative: Among the alternatives, which one would you select? professional responsibility to his employer. If Brock decides he has ethically, then he has no further responsibility in the matter. In the unethically, he should consider what action he should take to correct the situation. He should contact He should be The ethical issue in this case is whether or not Jim Brock when he advised his father to buy shares of Hubbard Inc. stock. Brock future, he ask his employer for more guidance or company policy about how important information should be handled. If Brock decides he has prepared to purchase of the stock. In this case, it appears that Jim has acted . He upheld his responsibilities to his employer