FC$1-1$Exeter is a building contractor in Newfoundland. After losing a number of big lawsuits, it was facing its first annual net loss as the end of the year approached $,$The owner, Hank Snow $,$was under intense pressure from the company's creditors to report positive net income for the year. However, he knew that the controller, Alice Li$,$had arrange a short$-$term bank loan of $$10000$to cover a temporary shortfall of cash. He told Li to record the incoming cash as construction revenue instead of a loan $.$That would nudge the company's income in January when the loan was repaid. Required $1.$how would this action affect the year$-$end income statement? How would it affect the year end balance sheet? $2.$If were one the company's creditors, how this fraudulent action affect you?