Raddi Inc. is a software development company that has recently gone public. As part of its initial public offering $($IPO$),$ the company prepared financial statements to share with potential investors. The CFO is keen on ensuring that the financial reports are accurate and follow GAAP standards. The CEO of Raddi Inc. wants to know how the Income Statement will reflect the company's financial performance. Which of the following best describes the role of the Income Statement?

A$.$ It shows the company's revenues expenses and profits over a specific period.

B$.$ It details the cash inflows and outflows from operating investing and financing activities.

C$.$ It tracks changes in retained earnings and dividend payments.

D$.$ It lists the company's assets and liabilities as of a particular date.