Can't seem to get this right.

Required information Problem 11-22A Effect of business structure on financial statements LO 11-1 [The following information applies to the questions displayed below] Cascade Company was started on January 1, Year 1, when it acquired $163,000 cash from the owners. During Year 2, the company earned cash revenues of $82,200 and incurred cash expenses of $70,000. The company also paid cash distributions of $9,000. Required Prepare a Year 1 income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows under each of the following assumptions. (Consider each assumption separately.) Problem 11-22A Part a a. Cascade is a sole proprietorship owned by Carl Cascade. (Amounts to be deducted should be indicated with minus sign.) CASCADE COMPANY Income Statement For the Year Ended December 31, Year 1 82,200 Revenues Expenses (70,000) Net income 12,200 CASCADE COMPANY Capital Statement For the Year Ended December 31, Year 1 Beginning capital balance Plus: Capital acquired from owner Plus: Net income $ 163,000 12,200 (9,000) Ending capital balance 166,200 CASCADE COMPANY Balance Sheet As of December 31, Year 1 Assets Cash 85,400 Total Assets 85,400 Liabilities 0 Equity Preferred stock 85,400 Total liabilities and equity 85,400 CASCADE COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flow from operating activities: Receipts from revenues $ 82,200 Paid for expenses (70,000) $ Net cash flow from operating activities 12,200 Cash flows from investing activities Cash flows from financing activities: 0 $ 163,000 Receipts from revenues Paid for expenses (70,000) Net cash flow from financing activities 93,000 Net change in cash 105,200 $ 105,200 Ending cash balance