As a business owner, discuss at least one item (account) reported on the income statement that would help you make decisions about future business operations. In addition, choose 1 of the questions below to answer based on your response:

• What are two items (accounts) from the balance sheet that you would track on a regular basis? Why?
• What are two elements on the statement of cash flows that you and your business partner would find informative and useful as decisions about the future are made?