” 1-4 Writing Assignment Elements of financial statements defined Sam and his sister Blair both attend the state university. As a reward for their successful comple- tion of the past year (Sam had a 3.2 GPA in business, and Blair had a 3.7 GPA in art), their fa- ther gave each of them 100 shares of The Walt Disney Company stock. They have just received their first annual report. Blair does not understand what the information means and has asked Sam to explain it to her. Sam is currently taking an accounting course, and she knows he will understand the financial statements” (ACC 201 51) ACC 201. McGraw-Hill Create. [removed].