Rena Jacques and George Nadler are partners in a paint and decorating store. The store operates on a yearly fiscal period. At the end of each year, an accountant is hired to prepare financial statements. At the end of each month during the year, Ms. Jacques prepares a work sheet. The work sheet is prepared to determine if the business made or lost money that month. The accountant suggests that monthly financial statements also be prepared. Ms. Jacques believes, however, that the monthly work sheet is sufficient to determine how the business is doing. Do you agree with Ms. Jacques or the accountant? Why?