Develop a well written essay that compares and contrasts the income statement with the statement of cash flows. What purpose do they each serve, what is important to know about each one if you were explaining to someone who did not know the difference.

1) Develop a well written essay that compares and contrasts the income statement with the statement of cash flows. What purpose do they each serve, what is important to know about each one if you were explaining to someone who did not know the difference.
2) Continue your essay touching on the following items (also from the reading and videos);
-Revenue: Earned vs. Recognized,
– the matching principle,
3) Explain and discuss the purpose of the 3 separate sections of the Statement of Cash Flows – and what is meant by the