Faith Busby and Jeremy Beatty started the B\&B partnership on January 1, Year 1. The business acquired $70,400 cash from Busby and $149,600 from Beatty. During Year 1, the partnership earned $60,200 in cash revenues and paid $35,850 for cash expenses. Busby withdrew $3,600 cash from the business, and Beatty withdrew $4,700 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 (statement of changes in equity), 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. Propare the income statement. Prepare a capital statement. Complete this question by entering your answers in the tabs below. Prepare a balance sheet. (Do not round intermediate calculations and round your final answer to the nearest whole dollar amount.) Prepare a statement of cash flows. (Cash outflows should be indicated with a minus sign.)