Cascade Company was started on January 1, Year 1, when itacquired $153,000 cash from the owners. During Year 1, the companyearned cash revenues of $93,600 and incurred cash expenses of$66,900. The 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.Complete this question by enterin 2 answers