Week 6 Discussion - Using Financial Statements for Your Life 8 Unread replies 8 Replies While watching the Trailblazer video, Financial Statements: Finding the Story Behind the NumbersLinks to an external site., in this week's Learn section, you saw Alex Galeano examine a balance sheet and an income statement and explain how he can use them to make informed decisions. Before you invest in a new business, you may want to look at a company's financial statements to determine how financially healthy the business is. After watching the video, write a discussion post where you respond to the following: Based on Alex’s financial statement analysis and your experience preparing financial statements in this class, name one account from the balance sheet and one account from the income statement you would examine before making this decision. Choose from the accounts listed under Assets, Liabilities, Capital, Drawing/Withdrawal, Revenues, and Expenses in the Accounting Equation Quick Guide Download Accounting Equation Quick Guide. Explain why examining these accounts would help you decide if you should invest. Read a post by one of your peers and respond, making sure to extend the conversation by asking questions, offering rich ideas, or sharing personal connections.