After reviewing the financial statements for Clear Channel Outdoor, I can make some inferences about how the company is performing. These inferences provide an overview of the company's performance while highlighting positive and negative aspects. Specifically, the company has shown an ability to improve its operating income significantly, indicating better operational efficiency or revenue growth. However, the decline in cash and increased accumulated deficit point towards challenges in maintaining liquidity and achieving long-term profitability. According to Clear Channel Outdoor's form 10k (2023), the company's cash and cash equivalents decreased from $410,767 in 2021 to 286,781 in 2022. The company's cash reserves may have been reduced due to increased cash use in operations, financing, or investment activities. Clear Channel Outdoor significantly improved its operating income from a negative $16,196 in 2021 to a positive $231,539 in 2022, which suggests the company increased revenue or improved efficiency and thus recovered from previous losses. Total liabilities have decreased from $8,493,325 in 2021 to $8,348,817 in 2022, indicating a slight improvement in its financial condition. Meanwhile, stockholders' deficit declined from $3,193,970 in 2021 to $3,262,806, suggesting a worsening equity position. The income statement and balance sheet can be unaligned. For instance, the two statements would only be correct if assets and expenses were correctly recorded. I had an unalignment happen in my current position when we changed the accounting software. An account previously a liability account had been improperly altered to an expense account. This led to a deep dive into the accounts where I had to audit the process to determine what went wrong. In addition, these two statements show different periods in time and are different. The balance sheet lists assets, liabilities, and equity, while the income statement includes expenses and revenues (Najjar, n.d.). Reading the financial statements together would be the best way to obtain a comprehensive picture of a company's financial health.