You are planning the upcoming year-end audit of Rachel's Hair Design Inc. ("RHD"), one of the many hair salons located on Hastings Street in Burnaby, BC. RHD is a private company, solely owned by Rachel Rand. RHD requires an audit for the purposes of maintaining a loan from its bank, Scotiabank. RHD's fiscal year-end is August 31 and in the past year, RHD generated revenues of $250,000 and incurred expenses of $180,000. Total assets as at August 31, 2020 were $200,000. Discuss the primary user(s) of the financial statements and explain which base / benchmark is the most appropriate when determining quantitative materiality for RHD during the planning phase. Use case facts to support your response