please respond to the below.

As a small business owner, the 3 reports I'd use on a regular basis would be an Income statement, a Statement of Retained Earnings, and a Statement of Cash Flows. The Income Statement gives me my net income by subtracting my expenses from my earnings. The Statement of Retained Earnings explains the change in net earnings due to net income and dividends paid during a period of time. The Statement of Cash Flows tracks the money during a period of time. These statements are going to help me figure out how well the business is doing and what it can afford. Can it go bigger, or do we need to cut costs? I can create and update my budget with these reports.