HANDOUT 1-4 OVERVIEW OF FINANCIAL STATMENTS Complete the following table. See page 16 Financial Statement Purpose Equation Income Statement Statement of Retained Earnings Balance Sheet Statement of Cash Flows RELATIONSHIPS AMONG FINANCIAL STATEMENTS - see page 15 1. How does the income statement tie to the statement of retained earnings? 2. How does the statement of retained earnings tie to the balance sheet? 3. How does the balance sheet tie to the statement of cash flows