M1-6 Matching Financial Statement Items to the Four Basic Financial Statements Match each element with its financial statement by entering the appropriate letter in the space provided. Element Financial Statement ____ 1. Expenses A. Balance sheet ____ 2. Cash flows from investing activities B. Income statement ____ 3. Assets C. Statement of owner’s equity ____ 4. Withdrawals D. Statement of cash flows ____ 5. Revenues ____ 6. Cash flows from operating activities ____ 7. Liabilities ____ 8. Cash flows from financing activities