InstructionPlease read the following case and answer the questions following: How would you have reported on operations of Maria Hernandez & Associates through August 31, 2004? Had the company made a profit as Maria Hernandez believed? If so, how would you explain why the cash in the bank has declined? How would you report the status of the business on August 31, 2004? Hints Questions can be answered by preparing and interpreting a set of financial statements for Maria Hernandez & Associates, which includes the Income Statement, the Balance Sheet, and the Statement of Cash Flows. Please find the attached Case 1 Excel to work on your financial statements.