Write a 3-page paper explaining and providing examples of the 4 basic financial statements (see attached)Compare and contrast these statements for their general purpose and use. In what instances are each of them more important in conveying financial information?To what audiences are they targeted?How does each of the four reports fit together to contribute to a complete picture of the financial state of the organization?Please include a conclusion, avoid introductory phrases, and use academic journals for references. For This or a Similar Paper Click Here To Order Now