Balance sheet shows where the companies at in that MOMENT in time, Assets Liabilities and Stock Holders Equity, what the company owns, owes, and is owned. Income Statement Shows the operations of the company and what they earned over a PERIOD of time. Statement of retained earnings shows what the retained earnings will be for the balance sheet by using NI + Beg. RE - Dividends. Statement of cash flows shows the in and out flows of cash from your Operating Investing and Financing of the company.