A holder of a license with an on–sale privilege shall: keep complete and accurate books of account of daily receipts and expenditures in the form that the Board requires; and procure vouchers or purchase slips for all alcoholic beverages, food, and other items bought for sale. An on–sale license holder shall: keep the records required under subsection (a) of this section at the location designated in the license or another location in the county; and on at least 5 days’ notice, make the records available for inspection by the Board or a designee of the Board. If a report required by this section or an investigation by the Board, a Board officer, or any other person indicates that a holder of a license with an on–sale privilege is violating this title, the Board shall summon the license holder and conduct a hearing. If the charges at the hearing are sustained, the Board: shall impose a fine of not less than $250 and not more than $2,000; and may suspend or revoke the license holder’s license immediately.