Faith Busby and Jeremy Beatty started the B&B partnership on January 1, Year 1. The business acquired $102,000 cash from Busby and $198,000 from Beatty. During Year 1, the partnership earned $67,300 in cash revenues and paid $40,600 for cash expenses. Busby withdrew $3,700 cash from the business, and Beatty withdrew $5,500 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.