Please answer each of the following question in detail. Provide insightful answers and descriptions. After you have answered ALL the questions, read and comment on at least three more posts from other students. * Watch your spelling! o Check Rubric Questions: 1. What is the purpose of a Balance Sheet? 2. What are the typical categories and sub- categories for a balance sheet? 3. What is an intangible asset? 4. What is the purpose of a Income Statement? What are the typical categories and sub-categories for an income statement? 5. What is unearned revenue and when does it occur? 6. What is the purpose for the Statement of Cash Flows