Faith Busby and Jeremy Beatty started the B&B partnership on January 1, Year 1. The business acquired $93,600 cash from Busby and $146,400 from Beatty. During Year 1, the partnership earned $66,000 in cash revenues and paid $41,350 for cash expenses. Busby withdrew $1,600 cash from the business, and Beatty withdrew $5,900 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. Income Statement Capital Statement Balance Sheet Prepare the income statement. B&B PARTNERSHIP Income Statement For the Year Ended December 31, Year 1 Stmt of Cash Flows Income Statement Capital Statement >

Faith Busby and Jeremy Beatty started the B\&B partnership on January 1, Year 1. The business acquired $93,600 cash Busby and $146,400 from Beatty. During Year 1, the parthership earned $66,000 in cash revenues and paid $41,350 for cash expenses. Busby withdrew $1,600 cash from the business, and Beatty withdrew $5,900 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. Prepare a capital statement. Faith Busby and Jeremy Beatty started the B\&B partnership on January 1, Year 1. The business acquired $93,600 cash from Busby and $146,400 from Beatty. During Year 1, the partnership earned $66,000 in cash revenues and paid $41,350 for cash expenses. Busby withdrew $1,600 cash from the business, and Beatty withdrew $5,900 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. Prepare a balance sheet. (Do not round intermediate calculations and round your final answer to the nearest whole dollar amount.) Faith Busby and Jeremy Beatty started the B\&B partnership on January 1, Year 1. The business acquired $93,600 cash from Busby and $146,400 from Beatty. During Year 1, the partnership earned $66,000 in cash revenues and paid $41,350 for cas withdrew $1,600 cash from the business, and Beatty withdrew $5,900 cash. The net income was allocated to the the two partners in proportion to the amounts of their original investments in the business. oenses. Busby ital accounts of 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 statement of cash flows. (Cash outflows should be indicated with a minus sign.) Faith Busby and Jeremy Beatty started the B\&B partnership on January 1, Year 1. The business acquired $93,600 cash from Busby and $146,400 from Beatty. During Year 1, the partnership earned $66,000 in cash revenues and paid $41,350 for cash expenses, Busby withdrew $1,600 cash from the business, and Beatty withdrew $5,900 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 yeat. Complete this question by entering your answers in the tabs below. Prepare the income statement