Jennifer Black, CPA, is the controller of Arc Industries, a large manufacturing company. Company president, Allen Arc, informed Jennifer that if the company failed to report a "healthy bottom line" this year the bank would turn down its application for a $1,000,000 loan. The company has suffered losses for the past two years, and current economic conditions have caused a downturn in demand for the company's product. Arc suggested that Jennifer use "creative accounting" if necessary to ensure the company reported a profit. As a reward Jennifer would receive a substantial year-end bonus. If you were Jennifer, how would you respond to the president?