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This section discusses the three major financial statements important for business plans: the income statement, statement of cash flows, and balance sheet. It emphasizes the need for professional guidance, especially for those without a financial background, and recommends the Small Business Development Center for free assistance in creating financial projections. Additionally, the presentation highlights the importance of including assumptions that inform the numbers in the business plan. It also refers to sources and uses of funds, detailing how $40,000 will be raised, including $10,000 from owner’s equity, which is the investment from the business owner.