Sam and his sister Blair both attend the state universityu. As a reward for their successful completion of the past yer (Sam had a 3.2 GPA in business, and Blair had a 3.7 GPA in art). their father gave each of them 100 shards of the Walt Disney Company stock. They have jut recieved their first annual report. Blair does not understand what the informaiton means and has asked Sam to explain it to her. Sam is currently taking an accounting course, and she knows he will understand teh financial statements.

Assume that you are Sam. Write Blair a memo explaining teh follwoin financail statemnt itemsto her. in your explanation, describe each of the two financial statemnts and explain the fiancial information each contains. Also define each of the elements listed for each financial stateemtn and explain what it means.