Review the Public Offerings section on the Securities Act of 1933 in section 23-1b. Recall to mind Lexi and her business LexCraft from the Module 7 Short Answers. When we left her, she had salvaged her business and decided to get serious about it. Since then, she has been able to grow the business into a chain of 20 stores in five states with annual revenues of $250 million. She has incorporated and hired a seasoned management team made of directors and officers with experience in retail, banking, and consumer goods. They are now ready to take LexCraft public in a $1 billion IPO. They've hired the esteemed law firm of Flagel & Papakirk to manage the legal aspects of the IPO and JP Morgan as the investment bank and underwriter. Respond to the following about the IPO: 1. What must LexCraft first file with the SEC? Explain the two parts that the filing must contain. Who else does this filing need to be shared with (other than the SEC)? 2. What is the second official stage of the IPO process? What do LexCraft and JP Morgan do in this stage? What can JP Morgan do and not do during this stage? 3. What is the last official stage of the IPO process? What does the SEC do and not do in this stage? What does management and JP Morgan do during this stage? 4. Can one of the investment bankers with JP Morgan sell their shares in MineCraft, the #1 company in the industry knowing that its share price will fall after LexMark's IPO is finalized? Why or why not