It is February 23, Edit-{3. and you. CPA, have just been hired as the controller of Just Juice Inc. (JJI). .].]I is a privately held company that operates 1oo juice bars throughout Canada as well as a manufacturing plant in Mississauga that processes concentrated juice products. .JJI was founded 1o years ago in Halifax by Tim Brown who wanted to capitalize on the growing demand for healthconscious food choices. Tim is the majority shareholder and president of .JJI. In a recent meeting with Tim, he informed you that he has been working on growing the business and he is certain that some of his initiatives have created accounting issues (appendix) that will impact the December 31, EDDIE, financial statements. Tim is considering taking JJI public in the future and for this reason. the financial results are reported under IFRS. Based on the great reputation and financial success of JJI, Tim believes that there is potential for a very successful initial public offering fiPCI}. Tim, who previously relied on a bookkeeper to perform all accounting functions. hired you when he realized that it made sense to have a professional accountant on staff. Tim would like you to prepare a memo for him that analyzes the accounting issues at Mt. JJI also just received a Notice of Reassessment from the Canada Revenue Agency {ERA} for the December 31. Emil, tax year. which worries Tim. He would like your thoughts on what steps he should take to address it. as well as the implications to .].]i. Your response, not inotudfng any Excel worksheets [If applicable), should not exceed 1,300 words