What are the titles, content, and purposes of the four financial statements that are usually included in an audited financial report? Which one of the statements do you consider to be the most important and why?

Please provide a substantive response (a first paragraph of at least 12-15 sentences and a second paragraph of at least 6-8 sentences) to the following questions 

What are the titles, content, and purposes of the four financial statements that are usually included in an audited financial report?  Which one of the statements do you consider to be the most important and why?

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