PART A: 5 points ABC invested 10 million bahts in stock and 5 million baht in bonds. The bond pays 10% interest and matures in 3 years. ABC pays 10% discount on the bond's face value. ABC sold its stock this month and realized 50,000 Baht in profit. It keeps the profit and re-invests the 10 millions in another stock and sold within a week sustaining a loss of 200,000 baht. As the result, the finance manager was fired. PART B: 5 points ABC sales revenue comes from cash sales (20%) and credit sales (80%). Past data shows that credit sales has 10% bad debts or uncollectible accounts. The estimated total sales for 2019 is 5 million Baht. Account receivable is paid by check and bank transfers. Cash payment is collected at the front office by ABC cashiers. QUESTIONS 1 (10 POINTS (i) How can ABC have a better internal control? (i) Discuss ethical issues for ABC as a company and Amy as an individual QUESTION 2 (10 POINTS) PART A: 5 points (i) How & where should the investment amount (principal) in stock and bond be recorded? (ii) How & where should the loss or gain from the investment be recorded and reported? PART B: 5 points (i) How can ABC accurately report its income statement? (ii) How can ABC improve collection of account receivables