V. Each of the following situations involves possible violations of the AICPA Code of Professional Conduct. For each situation, state what section of the Code is involved. Explain whether the action is a violation of that section, and explain the rationale for the rule. A. Colonial, Inc. has struggled financially and has not been able to pay the audit fee to its auditor, Shively and Starch, CPAs, for the 2018 and 2019 audits. Shively and Starch is currently planning the 2020 audit. B. Margo Rabil is a former partner of Howe and High, CPAs. Recently, she left the firm to become the chief operating officer of Gravy Town, Inc, which is an audit client of Howe and High. In her new role, Rabil has no responsibilities for financial reporting. HJowe and High made significant changes to the audit plan for the upcoming audit. C. Ben Parsley is the partner in charge of the audit of Eastern Gate Bank. Parsley is in the process of purchasing new lakefront property and has obtained mortgage financing from Eastern Gate. D. Ellen Grant is CPA, but not a partner, with three years of professional experience with James and Wallace, CPAs. She owns 25 shares of stock in an audit client of the firm, but she does not take part in the audit of the client, and the amount of stock is not material in relation to her total portfolio. E. Christian and Knight, a regional CPA firm, is performing consulting services to help management of Airtrans Services streamline its production operations. The fee for this engagement is a percentage of the cost savings that results once the new process is implemented. This is the only service that Christian and Knight provide for the client.