Cascade Company was started on January 1 Year 1 when it acquired $166,000 cash from the owners During Year 1, the company earned cash revenues of $93,600 and incurred cash expenses of $64.400 The company also paid cash distributions of $10,000 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) a. Cascade is a sole proprietorship owned by Carl Cascade