In response to questions rgarding demand for and supply of financial statement information, Celateela Moonn, an UMB MBA student, made the following statements: Statement 1: Shareholders demand financial information primarily to assess profitability and risk whereas bankers demand information primarily to assess cash flows to repay loan interest and principal. Statement 2: A balance sheet shows a company's position over a period of time, whereas an income statement, statement of stockholders' equity, and statement of cash flows show its position at a point in time. Statement 3: The income statement reports net income which is defined as the company's profit after all expenses and dividends have been paid. Statement 4: Net income must equal increase in assets plus dividens minus increase in liabilities minus increase in contributed capital. Is Moonn corerect with respect to statements 2 and 4