1. DQ (Discussion Question) 1-Chapter 1 Discussion. After reading the text, viewing the Powerpoint slides and reading the notes, consider the following: - Sam and his sister Blair both attend the state university. As a reward for their successful completion of the past year, their father gave each of them 100 shares of The Walt Disney Company stock. They just received their first annual report. Blair does not understand what the information means and has asked Sam to explain it to her. Sam is currently taking an accounting course and she knows he will understand the financial statements. Assume that you are Sam. Write Blair a memo explaining the following financial statement items to her (assets, liabilities, stockholders' equity, revenue, expense, net income). In your explanation, describe each of the two financial statements and explain the financial information each contains