You are the controller for Cam-Ry Industries. Your company has recently received a large amount of unfavorable publicity because an SEC investigation uncovered a systematic 2-year effort by Cam-Ry’s management to manipulate reported earnings. The primary motivation for this earnings management scheme was to consistently meet analysts’ earnings expectations in order to keep the opinion of your company high in advance of an additional share offering that was to take place next year. The SEC has now formally sanctioned your company and fined it $350,000, and the investor backlash has lowered the company’s share price and resulted in the cancellation of the planned share offering next year. As controller, you were aware of the earnings management scheme. You failed to actively oppose the effort. However, the driving force behind the scheme was the former chief executive officer (CEO) who has now been replaced. Your former auditor has also been fired. The new CEO is attempting to mend all of the stakeholder relationships that have been strained because of the SEC revelation of the earnings management activity. The new CEO has assigned you to repair relations with Yosef Bank. The bank has provided a line of credit to Cam-Ry for over 15 years. You have personally represented Cam-Ry in its dealings with the bank. For the past five years, you have met frequently with DeeAnn Martinez who is a senior vice president with the bank and the person assigned to the Cam-Ry account. Through mutual friends, you have heard that Martinez feels personally betrayed by you and no longer trusts you. You are scheduled to meet with DeeAnn Martinez next week to discuss Cam-Ry’s line of credit. In advance of that meeting, you have decided to write a 1-page memo to Martinez in an attempt to mend your relationship. Write a draft of that memo.