Think on another analogy (not sports related) on how closing the books relates to a reset of information?

In this essay assignment, we are covering Chapter 4, another tough chapter!  Remember, choose a discussion post option that will help you learn, not just the easiest or quickest one!Choose ONE of the three following questions to answer.Watch this Animation: Closing the Books. Can you Think on another analogy (not sports related) on how closing the books relates to a reset of information?  Also, the video describes the need to reset the information, but where can we find the long-term earnings of a company on the financial statements?  (Be sure to answer both questions in your post).Make your own video!  Make a video explaining two of the four types of adjusting entries (prepaid items, unearned revenue, accrued revenues, accrued expenses). Your video should be 3-5 minutes long, and video quality (accuracy, entertainment value) will replace the spelling/grammar component of the grade.Many students who are visual learners find it helpful to make concept maps (or mind maps). Make a concept map that explains the four types of adjusting entries (prepaid items, unearned revenue, accrued revenues, accrued expenses).