Sarah is a business owner who wants to make sure her business is profitable and she is therefore on the lookout for new opportunities to grow/expand her business. In order to do so, Sarah learned that business owners, such as herself, and shareholders need information about their business. Sarah also learned that by keeping record of transactions, it will assist her business to have information that is useful for making economic decisions. REQUIRED: 1.1 Briefly discuss what type of information business owners/shareholders would need about a company to allow them to make good economic decisions. (2 marks) 1.2 Briefly discuss why it is important to communicate financial information. (2 marks) 1.3 Briefly discuss how financial information would be communicated. (2 marks) 1.4 Briefly discuss what information financial analysts, investors, financial advisors, and financial institutions need about a business in order to make economic decisions.