Question 18 (1 point) All of the following are CORRECT except: The four key financial statements are the balance sheet, the income statement, the statement of cash flows, and the statement of retained earnings. The income statement gives us a snapshot of what is happening in the firm at a point in time. The statement of cash flows summaries the firm's sources and uses of cash over a given period of time The balance sheet gives us a picture of the firm's financial situation at a point in time