and $173,600 from Beatty. During Year 1, the partnership earned $60,200 in cash revenues and paid $35,250 for cash expenses. Busby withdrew $2,700 cash from the business, and Beatty withdrew $4,700 cash. The net income was allocated to the capital accounts of the two partners in proportion to the amounts of their original investments in the business, Required Prepare an income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows for B&B's Year 1 fiscal year. Complete this question by entering your answers in the tabs below. Income Statement Stmt of Cash Flows Capital Statement Balance Sheet Prepare a statement of cash flows.(Cash outflows should be indicated with a minus sign.) BLI PARTNERSHIP Statement of Cash Flows For the Year Ended December 31. Year 1 Cash flows from operating activities S 0 Net cash flow from operating activities Cash flows from investing activities $ 0 Net cash flow from investing activities Cash flows from financing activities 0 Net cash flow from financing activities Natchanoninh Pro 1 of 7 !!! Next >