You are an accountant for The Flower Shoppe. Your supervisor has asked you to help her prepare theyear—end ?nancial statements. Before you do. she wants to ensure that you understand some mainpoints. A. Explain the following: o The elements of the balance sheet, their purposes, and how to measure themo The elements and purpose of the statement of changes in stockholders eguitjyF B. Based on the adjusted trial balance and additional information. prepare the following in anExcel ?le to give to the controller for review". o Balance sheeto Income statement o Statement of retained earnings o Statement of cash flows