PART 2 SPI-W Inc. are good friends with the owner of KBI Inc. a small retail shop in Kingsville. The company has been in been in business for three years. The owner Laura Boss has decided she wants to expand her business into Windsor. She knows that will take more capital than she has and will have to get a bank loan. Laura has prepared her statements for the year ended, January 31, 2022. She has prepared a statement with cash inflows and outflows: Sources of Cash: Sales of Merchandise Shareholder Loans Term Deposits Cashed-in Vehicle Loan Interest Income Total Sources of Cash: Uses of Cash: Purchases of Investments Purchase of Truck Inventory Purchases Fixed Asset purchases Interest on Debt Operating Expenses, including depreciation $55,000 Total Uses of Cash $400,000 $150,000 $100,000 $ 80,000 $ 25,000 $835,000 $75,000 $80,000 $275,000 $150,000 $45,000 $200,000 $825,000 Laura thought based on this information she should be able to obtain a bank loan, considering she has been profitable to date. However, before she would present this to her bank, she went to see an accountant Bill Needles of MMM Chartered Accountants. Bill assigned the work, to his recently graduated daughter Alexandra Needles. Bill said to Alexandra, review and make any necessary changes to the information with proper classifications. Once the statements are redone, review the company's position and outline your thoughts on the bank providing a loan. You can assume that the company is using ASPE standards.