The owner of Isiand Coffee Roasters Corporation seeks your advice as to whether he should cease operations or continue the business. The following financial statements have been prepared as of August 31, 2022. (Click to view the income statement.) (Click to viow the statement of retained eamings.) (Click to view the balance sheet) (Click to view the statement of cash fows.) Read the fequitement To: Owner of Island Coffee Roasters Corporation Subject: Opinion of net income, dividends, financial position, and cash flows. Your first month of operations was Revenues totaled and net income was These operating results look Requirement 1. Complete the report giving him your opinion of net income, dividends, financial position, and cash flows during his first month of operations. Cite specifics from the financial statements to support your opinion. Conclude your memo with advice on whether to stay in business or cease operations. Income Statement Balance Sheet Statement of Retained Earnings Statement of Cash Flows