The income statement summarizes the revenue earned from sales and the expenses it took to earn that revenue. o The balance sheet summarizes the assets owned or controlled by the company, the liabilities (or debt obligations) it still has to pay others, and any left- over equity that belongs to the business's owners or stockholders. o The statement of cash flows shows how money enters the company (cash collections) and leaves the company (cash payments). QUESTION #3: After reviewing the 3 Financial Statements, please indicate which financial statement (pick one: income statement, balance sheet, or statement of cash flows) the Junior Accountant should provide the investor in order to show the debt information. . Income Statement X Balance Sheet . Statement of Cash Flows Hint: Only one of these financial statements even mentions the word 'debt' in it. So find the statement that does and you'll know which statement to use. Then check WHERE on that financial statement it says to find debts and you'll k now where to tell the investor to look for that information. Explain where on that financial statement you would find the debt information