On January 20, 2017, Tamira Nelson, the accountant for Picton Enterprises, is feeling prescure to complete the annual finaneial statements, The company president has said he needs up-to-date financial statements to share with the bank on January 21 at a dinner meeting that has been called to discuss Picton's obtaining loan financing for a special building project. Tamira knows that she will not be able to gather all the eeeded information in the next 24 hours to prepare the entire sct of adjusting entries. Those entries must be posted before the financial statements accurately portray the company's performance and financial position for the fiscal period ended December 31,2016 . Tamira ultimately decides to estimate several expense accruals at the last minute. When deciding on estimates for the expenses, she uses low eatimates because she does not want to make the financial statements look worse than they are. Tamira finishes the financial statements before the deadline and gives them to the president without mentioning: that several account balances are estimates that she provided. Required 1. Identify several courses of action that Tamita could have taken instead of the one she took 2. If you were in Tamira's situation, what would you have done? Briefly justify your response: Your post will be graded as follows