Read the below scenario. Choose the type of financial statement that would best describe what is occurring financially.

You own a small cell phone repair business. Every month you have $10,000 coming into the business (a lot of people are breaking their phones). From that $10,000, you have a pay a few bills (salaries, rent, and supplies). You also have to pay taxes. After paying all of your obligations, you have $1,500 remaining. What financial statement would best describe this scenario?

		Income Statement
		Balance Sheet
		Statement of Cash Flows
		Changes in Net Assets