a. Cascade is a sole proprietorship owned by Carl Cascade. Complete this question by entering your answers in the tabs below. Prepare an income statement for Year 1. Prepare a capital statement (statement of changes in equity) for Year 1. Note: Deductions should be indicated by a minus sign. a. Cascade is a sole proprietorship owned by Carl Cascade. Complete this question by entering your answers in the tabs below. Prepare a balance sheet for Year 1 . Prepare a statement of cash flows for Year 1. Note: Cash outflows should be indicated with a minus sign. a. Cascade is a sole proprietorship owned by Carl Cascade. Complete this question by entering your answers in the tabs below. Prepare an income statement for Year 1. Prepare a capital statement (statement of changes in equity) for Year 1. Note: Deductions should be indicated by a minus sign. a. Cascade is a sole proprietorship owned by Carl Cascade. Complete this question by entering your answers in the tabs below. Prepare a balance sheet for Year 1 . Prepare a statement of cash flows for Year 1. Note: Cash outflows should be indicated with a minus sign