How many of the following statements regarding the income statement are true? The total from the income statement is included in the statement of retained earnings. The income statement shows the cash...

How many of the following statements regarding the income statement are true?

• The total from the income statement is included in the statement of retained earnings.


• The income statement shows the cash flows from operations during a period of time.


• The income statement primarily shows whether a business made a profit from selling goods or providing services after subtracting the costs of doing business.