Click to watch the Tell Me More Learning Objective 5 video and then answer the questions below. 1. The financial statement that reports the revenues and expenses for a period of time is known as the a. income statement. b. statement of stockholders' equity. c. balance sheet. d. statement of cash flows. 2. The financial statement that reports the changes in the retained earnings and common stock for a period of time is known as the a. income statement. b. statement of stockholders' equity. c. balance sheet. d. statement of cash flows. 3. Which of the following is the correct order in which the financial statements should be prepared? a. Income statement, statement of stockholders' equity, balance sheet, statement of cash flows b. Statement of stockholders' equity, statement of cash flows, income statement, balance sheet c. Balance sheet, income statement, statement of stockholders' equity, statement of cash flows d. Statement of cash flows, income statement, balance sheet, statement of stockholders' equity