Exercise 7-2 Draft a defined term and definition for a definitions section for the financial statements described in the following representation and warranty. In addition, mark up the provision so that the financial statements are defined in context. Financial Statements . The balance sheet of the Company as of December 31, 20X4 and December 31, 20X3 and the related statements of income, cash flows, and shareholders' equity for each of the two years in the period ended December 31, 20X4, reported on by Debit & Credit LLP, independent accountants, present fairly, in all material respects, the financial position of the Company as of December 31, 20X4 and December 31, 20X3, and the results of its operations and its cash flows for each of the two years in the period ended December 31, 20X4, in conformity with accounting principles generally accepted in the United States of America