Family jewelers has never borrowed money. because of rapid growth, on july 25, 2019, saul metcalf, the owner, applied for a loan of $150,000 from his bank. the banker asked metcalf for copies of financial reports of family jewelers for 2018 and quarterly statements for 2019. metcalf had never prepared formal financial statements for the business. he and the company's bookkeeper obtained some information from his 2018 income tax return and estimated other items for which information was not readily available. he took the statements to the banker on august 2. the banker expressed his concern over the statements. what are the most important fundamental financial reporting concepts that seem to have been violated?