1 pts A company's income statement explains the change in its cash balance over time while the statement of cash flows explains any change in retained earnings. True False Question 16 1 pts The balance sheet and the income statement for a company as of the end of a period complement each other in that O the income statement reflects the financial position as of the end of the period as does the balance sheet. O the balance sheet and income statement both reflect the results of operations for a period of time. O the income statement shows the results of operations for the period, and the related balance sheet reflects the financial position at the end of that period. O the balance sheet reflects the results of operations for the period and the related income statement reflects the financial position at the end of that period