The required financial statements of funds may include the following financial statements noted below: 1. The statement of net assets II. The statement of revenues, expenditures, and changes in fund balances III. The balance sheet IV. The statement of cash flows With that being said (which I just said it), which of the financial statements should be issued by governmental funds and by proprietary funds Imeaning which would they include)? Governmental Funds Proprietary Funds A) II and III I and IV B) I and II I and II C) I, II, and IV II, III, and IV D) II and III I, II and IV Multiple Choice Option D Option B Option A Option C