Explanation:

The financial statements commonly prepared by a business enterprise are:

1. Balance Sheet: This statement provides a snapshot of the company's financial position at a specific point in time. It shows the company's assets, liabilities, and shareholders' equity.

2. Income Statement: Also known as the profit and loss statement, this statement summarizes the company's revenues, expenses, and net income or loss over a specific period. It helps in determining the profitability of the business.

3. Cash Flow Statement: This statement provides information about the cash inflows and outflows of a company during a specific period. It categorizes the cash flows into operating activities, investing activities, and financing activities, giving insights into the company's liquidity and cash management.

Statement of Retained Earnings:
The statement of retained earnings is not one of the commonly prepared financial statements by a business enterprise. It is a statement that shows the changes in the retained earnings of a company over a specific period. Retained earnings represent the accumulated profits or losses of the company that have not been distributed to shareholders as dividends.

While the statement of retained earnings is important in tracking the changes in retained earnings, it is not a primary financial statement that provides a comprehensive view of the company's financial position, profitability, or cash flows. It is more commonly used in conjunction with the income statement to reconcile the beginning and ending retained earnings balances.

In conclusion, the statement of retained earnings is not one of the primary financial statements commonly prepared by a business enterprise. The primary financial statements are the balance sheet, income statement, and cash flow statement.