Faith Busby and Jeremy Beatty started the B&B partnership on January 1 Year 1. The business acquired 44,000 cash from Busby and 66,000 from Beatty. During year I the partnership earned 42,000 in cash revenues and paid 18,400 for cash expenses. Busby withdrew 2,000 cash from the business, and Beatty withdrew 2,500 cash. The net income was allocated to the capital accounts of the two partners in proportion to the amount of their original investments in the business. 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