Which of the following statements is CORRECT?

The statement of cash needs tells us how much cash the firm will require during some future period, generally a month or a year.

The four most important financial statements provided in the annual report are the balance sheet, income statement, cash budget, and the statement of stockholders' equity.

The balance sheet gives us a picture of the firm's financial position at a point in time.

The income statement gives us a picture of the firm's financial position at a point in time.

The statement of cash flows tells us how much cash the firm has in the form of currency and demand deposits