Assume Boritz Printing Inc. ended the month of July 20XX, its first month of operations, with the following amounts in its accounts: View the financial data. Requirement 1. Prepare the Income Statement and the Statement of Retained Earnings for the month ended July 31, 20XX. input field empty; do not select a label or enter a zero.) Revenue: Required 1. Prepare the Income Statement and the Statement of Retained Earnings for the month ended July 31,20XX. 2. Prepare the Balance Sheet of the company as of the end of July. 3. Prepare the Statement of Cash Flows for the month of July. Also, explain the relationship among Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows. 4. The owner of Boritz Printing Inc. now seeks your advice as to whether the company should cease or continue operations. Write a report giving the owner your opinion of operating results, dividends, financial position, and cash flows during the company's first month of operations. Cite specifics from the financial statements to support your opinion. Conclude your report with advice on whether to stay in business or cease operations. Financial data Assume Boritz Printing Inc. ended the month of July 20XX, its first month of operations, with the following amounts in its accounts: View the financial data. Requirement 1. Prepare the Income Statement and the Statement of Retained Earnings for the month ended July 31, 20XX. input field empty; do not select a label or enter a zero.) Revenue: Required 1. Prepare the Income Statement and the Statement of Retained Earnings for the month ended July 31,20XX. 2. Prepare the Balance Sheet of the company as of the end of July. 3. Prepare the Statement of Cash Flows for the month of July. Also, explain the relationship among Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows. 4. The owner of Boritz Printing Inc. now seeks your advice as to whether the company should cease or continue operations. Write a report giving the owner your opinion of operating results, dividends, financial position, and cash flows during the company's first month of operations. Cite specifics from the financial statements to support your opinion. Conclude your report with advice on whether to stay in business or cease operations. Financial data