Repond to the following using the above information planing process ty addresing the folkwifg:

$3.$ Buance sheet:

Oexribe the purpose of this statement: ore with its three tamponents in the orderin which they appar in this report.

For the frst wo compenents, provide two exampiers of the calegories that would be repericd.

Frovly, indicate if the information presented is in the form of actual or est mated amcurrs.

b$.$ incoure and Experse Staby mant:

L$.$ Descrbe the purpose of this statement alseg with its thee cortiponents in the order in wilch they oppear in this report. be ceportes:

Fraly, kdicate it the informakion presented is in the form of actual or cetumated zmounts;

c Eudget

L$.$ Deucr be the purpose of this statemenc along with its three components.

kpesci be how tha repot is simiar bo andlor different from an incorne and

Expens stabement.