On 1/1/X4, Robbins, Inc. signed a loan agreement with Country Bank, for Robbins to borrow $400,000 to fund expansion of its operations. In doing so, Robbins agreed to several covenants, including that Robbins would not sell its current portfolio (3,400 shares) of IBM stock (market value at date of contract execution: $117.64 per share) until the loan is repaid in full. The loan term is 5 years, at which time Robbins will be required to pay back the full principal amount of the loan. Monthly, Robbins must pay the bank interest at an annual rate of 5%. The market price per share of IBM stock is $117.50 at 3/31/X4, $118 at 6/30/X4, $120 at 9/30/X4, and $118.50 at 12/31/X4. Robbins is a public company with a calendar year-end that prepares quarterly financial statements and has a classified balance sheet. Identify the relevant financial reporting and disclosure issues associated with the transaction in Robbins Q1-Q4 20X4 financial statements and make financial statement