a. What is the purpose of the Income Statement? b. What is another name for the Balance Sheet? c. What types of activities would increase the balance of Owners Equity? d. How do dividends or withdrawals impact Owners Equity balances? e. Which statement is compared to a snapshot and which is described as a video? Why are these comparisons a useful analogy for describing these statements? f. Which financial statement summarizes the reasons for the net changes in cash balances for a period? g. What are the three types or classifications of cash flows that appear on the Statement of Cash Flows? h. Which of the key financial statements describe activities over a period of time and which describe the status of the business at a specific point in time?