Directions:Obtain the published accounts or financial statements of a sport facility business. It could be a stadium, arena, municipal swimming pool, or a local community club, but may not be from the sport facility you have chosen for your project. Provide a summary of the financial information presented in these documents. Then, based on your understanding of accounting and finance, use these financial statements to explain the present financial situation of this facility. Also, project the trend of financial success or failure you believe the sport facility will have in the next five years. Defend your answers.Directions:Obtain the published accounts or financial statements of a sport facility business. It could be a stadium, arena, municipal swimming pool, or a local community club, but may not be from the sport facility you have chosen for your project. Provide a summary of the financial information presented in these documents. Then, based on your understanding of accounting and finance, use these financial statements to explain the present financial situation of this facility. Also, project the trend of financial success or failure you believe the sport facility will have in the next five years. Defend your answers.