Problem: Net income of john and sue a hardware store that decreased in 2002 Mike Sneed the owner thinks he will need a loan in 2003 from a bank, late in 2002 he tells his accountant to record a $10,000 sale of furniture to his family even if the merchandise won't be sent from the company until January 2003 he tells his a accountant make these adjusting entries for December 2002, salaries to his workers $900 prepaid insurance that has lapsed $400 why is he taking this action and is this ethical and why telling which persons it helped and the persons it hurts by this being done.