George began a business. After collecting $6,000 from an equity investor and borrowing $5,000 from a bank, he purchased a piece of land for $8,000. During the year he leased the land to Sheila and received $3,000 in cash. He paid $2,500 cash for expenses during the year and paid an $800 dividend to the equity investor. REQUIRED: Prepare an income statement, a statement of retained earnings, a balance sheet, and statement of cash flows for the period. What did George do that may have concerned the bank? Why?