Question 1 - Users of Financial Information (6 marks) Assume you are the chief financial officer of a firm located in Victoria. The firm needs finance in order to expand its activity in New South Wales. The CEO suggested you approach the bank and submit a loan request there, but you suggested that potential investors are a better option for financing. The final decision is to approach both options and you are required to present the financial statements of the firm to the bank as well as potential investors. Required: a) Explain the possible purpose of both financers in contributing to the entity's (1 marks) resources. b) Provide a detailed list of the likely financial information both financiers would be expecting to receive to allow them to make their lending or investing decision. (provide a justification for your answer) (3 marks) c) Compare the financial elements that will be added to the entity's financial statements after finance in both scenarios. (2 marks) (Answer is expected to be expressed in your own words) ***