There are four (4) major financial statements: Income Statement, Retained Earning (Owner's Equity) Statement, Balance Sheet, and Statement of Cash Flows (SCF). This chapter demonstrates the preparation of the Statement of Cash Flows. Each statement is of value and provides relevant information for making decisions through analysis of each of the reports. 1) which financial statement would you consider more relevant in helping you to make financial decisions? Explain why you chose that statement and the information you require to make informed decisions. Explain if the statement you select would be different depending upon your role with the company.