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Q4. 9 pts total a. Explain the purpose of the balance sheet. What are the main components of the balance sheet and what information does

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Q4. 9 pts total a. Explain the purpose of the balance sheet. What are the main components of the balance sheet and what information does the balance sheet provide? 3 pts b. Explain the purpose of the income statement. What are the main components of the income statement and what information does the income statement provide? 3 pts c. Explain the purpose of the cash flow statement. What are the main components of the cash flow statement and what information does the cash flow statement provide? 3 pts

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