Short Exercise: Financial Statements Instructions: In Module 1, we began our study of accounting and finance with a focus on financial statements. Please explain the features and purpose of the balance sheet, income statement, and statement of cash flows. You may choose which method you will utilize to accomplish this task: a written summary, a short PowerPoint presentation, video, or some other method to present this information. Whichever method you choose, please make sure that you clearly explain the purpose of each of the financial statements, as well as specific features (or components) of each financial statement