Velow, click the Discussion Board link under the My Work heading above to oper Review this tutorial on How to Post to the Discussion Board. Assignment Details There are three basic accounting statements, as follows: Profit and Loss Statement Balance sheet Statement of cash flows Each statement provides valuable data for users of financial information. Imagine that you are operating the small business that you opened in the previous unit. Which of the three basic accounting statements do you feel would the most important in your day-to-day operations? Why do you feel this accounting statement is the most important? Read through your peers' posts, and when you respond to them, consider the following: List some additional advantages and disadvantages to the accounting statement your peer selected. Discuss why you agree or disagree with the rationale that your peers gave for their selected accounting statement. In your own words, post a response to the Discussion Board, and comment on at least 2 other postings. You will be graded on be Discussion Board Reminders