Description Based on your learning and exercising your research skills, answer the following questions: 1. What are the other names commonly used for the Balance Sheet and Income Statements? 2. What are the fundamental differences between the two main financial reports? 3. Identify two separate groups of stakeholders for Somby's Caf and for each identify: a. Types of decisions they could make using financial information b. Financial information that would help them in making decisions As the caf's popularity is growing, Anna is considering purchasing another coffee machine to streamline customers better; especially at 10 am and 3pm since customers only have a few minutes to order and receive their coffee; ultimately she doesn't want to lose potential sales or to create a reputation for slow service. 4. From your understanding of accounting practices, present your stance on whether you think this is a good idea, considering operational efficiency and effectiveness. 5. What would you recommend as the best course of action? Include your rationale. Guidelines: - Any in-text referencing and the bibliography needs to be in APA referencing style. - NOTE: Wikipedia is not a valid or reliable source and students will be penalised for referencing it. Go to the bottom of the Wiki page and find the original source; that is what you reference. All marking schedules are at the end of this document