Faith Busby and Jeremy Beatty started the B\&B partnership on January 1, Year 1. The business acquired $109,200 cash from Busby and $170,800 from Beatty. During Year 1, the partnership earned $67,500 in cash revenues and pald $27,350 for cash expenses. Busby withdrew $1,900 cash from the business, and Beatty withdrew $4,000cash. 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. Prepare a balance sheet. (Do not round intermediate calculations and round your final answer to the nearest whole dollar amount.)