there are two parts to this case which require you to prepare and submit in a 2 to 4 page paper. please make sure this paper is well organized and covers all of the items below. part i. search the course background information, the internet and/or the cyber library. discuss each of the following terms. your discussion should expand on the definition as given in the course terms. explain why this concept is important to financial statements. a. generally accepted accounting principles. b. historical cost. c. accrual basis vs. cash basis accounting. d. current assets and liabilities vs. non-current items. part ii. refer to the following three sets of financial statements. amazon (http://phx.corporate-ir.net/phoenix.zhtml?c=97664 & p=irol-reportsannual) dell (http://www.dell.com/content/topics/global.aspx/corp/investor/en/annual?c=us & l=en & s=corp) toyota (http://www.toyota.co.jp/en/ir/index.html) Locate the following on each of the statements: The Balance Sheet The Income Statement The Statement of Cash Flows Describe the general organization of each of the three sets of financial statements. Which is more useful in your opinion for each of the three companies: Net Income or Cash from Operating Activities? Make one prediction about each company from that company''s financial statements. Reach one additional conclusion about each company from the additional information you find in the annual report.