The financial statements must be prepared in a specific order. What is that order and why do

$(4$pts$)$ financial statements need to be prepared in that order?

B$.$ Balance Sheet, Profit and Loss and Statement of Cash Flows. This order is required since the total assets obtained from the Balance Sheet is used to increase revenue if the Profit and Loss. New Income is needed to prepare the Statement of Cash Flows.

C$.$ Statement of Cash Flows, Profit and Loss and Balance Sheet. This irder is required since he cash obtained frim the Statement of Cash Flows is used ti increase revenue and the Profit and Loss Statement. Updated accounts from the Profit and Loss Statement are needed to prepare the Statement of Cash Flows.

D$.$ Profit and Loss, Balance Sheet and Statement of Cash Flows. Tis order is required since the net income obtained from the Profit and Loss statement is used to increase assets on the Balance Sheet and the Balance Sheet's updated accounts are needed to prepare the Statement of Cash Flows.

A$.$ Profit and Loss, Balance Sheet and Statement of Cash Flows. This order is required since the net income obtained from the Profit and Loss Statement