Faith Busby and Jeremy Beatty started the B&B partnership on January 1, Year 1. The business acquired $82,800 cash from Busby and $147,200 from Beatty. During Year 1, the partnership earned $65,100 in cash revenues and paid $31.450 for cash expenses. Busby withdrew $2,200 cash from the business, and Beatty withdrew $4,000 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, 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 Capital Statement Statement of Statement Balance Sheet Cash Flows Prepare an income statement for BAD's Year 1 scal year. B&B PARTNERSHIP Income Statement For the Year Ended December 31, Year 1 $ 0 (income Statement Capital Statement > Faith Busby and Jeremy Beatty started the B&B partnership on January 1, Year 1. The business acquired $82,800 cash from Busby and $147,200 from Beatty. During Year 1, the partnership earned $65,100 in cash revenues and paid $31,450 for cash expenses. Busby withdrew $2,200 cash from the business, and Beatty withdrew $4,000 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, 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 Capital Statement Balance Sheet Statement of Cash Flows Prepare a capital statement for B&B's Year 1 fiscal year B&B PARTNERSHIP Capital Statement For the Year Ended December 31, Year 1 Beginning capital balance Ending capital balance $ Prepare a balance sheet for B&B's Year 1 fiscal year. (Do not round Intermediate calculations, Round your final answers to the nearest whole dollar) B&B PARTNERSHIP Balance Sheet As of December 31, Year 1 Assets $ 0 Total assets Liabilities Equity Total equity Total liabilities and equity 0 0 Income Statement Capital Statement Balance Sheet Statement of Cash Flows Prepare a statement of cash flows for B&B's Year 1 fiscal year. (Enter cash outflows with a minus sign.) B&B PARTNERSHIP Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities: $ 0 Net cash flow from operating activities Cash flows from investing activities $ Net cash flow from investing activities Cash flows from financing activities: $ 0 0 Net cash flow from financing activities Net change in cash 0 Ending cash balance 0