Problem II: Indicate which financial statement is being described by each of the following statements. The financial statement choices are: the income statement, the statement of stockholders' equity, the balance sheer, and the statement of cash flows. Item Financial Statement Description The financial statement which summarized the changes in stockholders' equity over a period of time. The financial statement which presents the financial position of the company at a particular date (point in time). The financial statement which summarizes cash receipts (inflows) and disbursements (outflows) over a period of time. The financial statement which reports revenues and expenses over a period of time