True or False? 1. Financial Statements are prepared in the following order: (1) Income Statement (2) Balance Sheet (3) Statement of Retained Earnings (ASPE) / Statement of Changes in Equity (IFRS) (4) Statement of Cash Flows 2. Retained earnings is like money in the bank: it can always be used to pay the bills if a company gets into trouble with cash flow. 3. Dividends are an expense of doing business and should appear in the income statement. 4. Expenses increase shareholders' equity. 5. Cash receipts from customers increase accounts receivable