oblem 3 -Key Financial Statements and Financial Reporting 5 Points The three primary financial statements, which include the footnotes that add insight into selected values on the financial statements, listed in order of required preparation, are the income statement, the balance sheet, and the statement of cash flows. Specifically discuss important linkages between these three statements and why the order of preparation (identified above) is the required order. Why does broader interpretation and analysis of financial reporting and control require an understanding of the "package" of financial statements, including disclosures, as opposed to examining a single statement? For example, a "healthy" amount of cash shown on a balance sheet may have been developed by "unhealthy" financial activities