In developing entrepreneurial financial statements, we complete the various pro formas (the P&L,including the associated B/E analysis, the C/F and finally, the B/S) in an order that differs from traditional accounting. In your own words, (1) explain what the entrepreneurial pro formas consist of (define the specific pro forma and indicate what questions the pro forma answers), (2) discuss how each of the pro formas relates to the others over the initial life of the start-up and (3) indicate why the development of start-up pro formas might differ from the development methods used in traditional accounting.