Please provide feedback to Liliam:

"Hello Professor Anderson and Class,

Before looking into the relationship of financial statements (balance sheet, income Statement and Cash flows) lets outline the role of each for the business.

For instance, a balance sheet helps to maintain the company's record of their assets and liabilities by showing their position only on a particular date.

Income statement on the other hand, helps to record the income and expenses for cash and of the company. The cash flow statement records the in and out flow transactions of the company.

To be concise the relationship of the three of them shows the solvency, liquidity, debt and equity position of the company.