Corporations present financial statements like those we previously discussed. However, there are a few differences in the presentation of those statements. Corporations utilize a Balance Sheet, Income Statement, and Statement of Retained Earnings, known as the Statement of Owners Equity in a sole proprietorship or partnership. Watch the following 20 minute, 16 second video by Accounting Instruction, Help, & How To: Financial Statements Overview 205 Corporate Finance This is a post-first discussion. You will not see any discussions from classmates until you complete and post your initial post. In your initial post, address the following: Describe how the presentation of the financial statements differs for a corporation. Compare a sole proprietorship and a partnership. Explain how the transition from a sole proprietorship to a corporation alter who uses the financial information. In your opinion, discuss how the added investors impact the importance of the financial statements for a corporation