Please answer each of the following questions in detail and provide in-text citations in support of your argument. Include examples whenever applicable.

• Provide an explanation of the three basic financial statements, namely, the balance sheet, the income statement, and the statement of cash flows. 
• Analyze the relation between change in equity, the net income, and the cash flows from investing activities, during a period. 
• Please describe and provide examples demonstrating your understanding of retained earnings, in which financial statement it is recorded, and under which category. 

note: the answer has to be in APA format