Question 3 (10 marks) Afrque Motors is having a bad year Net income is only R37 000 Also, two important overseas customers are falling behind in their payments to Afrique and Afrique's accounts receivable are ballooning The company desperately needs a loan The board of directors is considering ways to put the best face on the company's financial statements Afrique's bank closely examines cashflow from operations Robert Marley, Afrique's accountant, suggests reclassifying as long-term the receivables from the slow paying chents He explains to the board that removing the R80 000 increase in accounts receivables from current assets will increase cash provided by operations This approach might help them get the loan Required: Identify the ethical, economic and legal issues with the above decision and explain what the board should do