Which of the following are the three main financial statements a small business should produce?

The three main financial statements that a small business should produce are the Income Statement, Balance Sheet, and Cash Flow Statement, as stated in the correct answer.

The Income Statement provides a summary of the company’s revenues and expenses over a specific period, ultimately showing the net profit or loss. This statement is crucial for understanding the operational performance of the business.

The Balance Sheet presents a snapshot of the business's assets, liabilities, and equity at a specific time. It helps stakeholders assess the company’s financial position and liquidity, offering insights into what the business owns versus what it owes.

The Cash Flow Statement tracks the flow of cash in and out of the business over a period. This statement is vital for managing liquidity and ensuring that the company can meet its obligations as they come due.

Together, these statements provide comprehensive insights into the financial health and performance of a business, assisting in decision-making and strategic planning. The other options include documents that are important but do not represent the three core financial statements used for analysis and reporting in small businesses.