Due: After completion of Lesson 5Credit Weight: 40% of your final gradeSummary: Short-answer questionsInstructionsTo complete this assignment, use a word processing and/or spreadsheet program such as Microsoft Word and Excel or OpenOffice.org 2.0. Name your assignment files using only alphanumeric characters (e.g., SmithG_FNCE249_Assign2.docx). Do not use spaces in file names for assignments. Part 1: Preparing Financial Statements (50 marks)1. Explain the difference between saving and investing. (5 marks)2. List and explain investors' motivation (from a risk and income perspective) for investing in stocks, bonds, preferred shares, and convertibles, based on the characteristics of each of these financial vehicles. (10 marks)3. Colby has come to you for advice in organizing her financial affairs. She is 29 years old and makes $50,0