Match the financial statements with the appropriate statement to describe them.

Financial Statements	Descriptions
1. Balance Sheet	A. Summarizes the activity under the cash account within the accounting equation. Explains the activities that caused the cash balance to change from the beginning of the year to the end of the year.
2. Income Statement	B. Summarizes all the activity under the equity section of the accounting equation. This statement generally shows how common stock and retained earnings changed from the beginning of the year to the end of the year.
3. Statement of Cash Flows	C. Summarizes all the company’s accounts under the accounting equation as of a point in time. All other financial statements can be created from activity included in this statement.
4. Statement of Stockholders’ Equity	D. Summarizes the revenues and expenses recorded under the retained earnings column of the accounting equation. This statement focuses on company performance over a fixed period of time.