Randall Boggs, president and CEO of Monsters Inc., applied for a $175,000 loan from Monsters First Bank. The bank requested financial statements from Monsters Inc. as a basis for granting the loan. Randall tells his accountant to give the bank the balance sheet. Randall doesn't want to give the other statements because Monsters Inc. had a net loss during the last year. What concerns (if any) does this action by Randall have on the shareholders of Monsters Inc? What information do you think a bank would need before deciding to extend a loan? What action (if any) do you think the board should take regarding Randall's decision?