ascade is a partnership with two partners, Carl Cascade and Beth Cascade. Carl Cascade invested $24,000 and Beth Cascade vested $36,000 of the $60,000 cash that was used to start the business. Beth was expected to assume the vast majority of the sponsibility for operating the business. The partnership agreement called for Beth to receive 60 percent of the profits and Carl et the remaining 40 percent. With regard to the $4,000 distribution, Beth withdrew $2,400 from the business and Carl withdrew 1,600 . omplete this question by entering your answers in the tabs below. par a capital statement for Year 1. te: Deductions should be indicated by a minus sign