Faith Busby and Jeremy Beatty started the B&B partnership on January 1, Year 1. The business acquired $113,100 cash from Busby and $176,900 from Beatty. During Year 1, the partnership earned $68,300 in cash revenues and paid $26,300 for cash expenses. Busby withdrew $3,000 cash from the business, and Beatty withdrew $3,300 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 Stmt of Cash Flows Prepare a statement of cash flows. (Cash outflows should be indicated with a minus sign.) B&B PARTNERSHIP Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities: Receipts from revenues Paid for expenses Net cash flow from operating activities Cash flows from investing activities: $ 68,300 (26,300) $ 42,000 Net cash flow from investing activities Cash flows from financing activities: Proceeds from partners Paid for partners' withdrawals Net cash flow from financing activities Net change in cash Plus: Beginning cash balance Ending cash balance $ 0 290,000 (6,300) 283,700 325,700 0 $ 325,700