Faith Busby and Jeremy Beatty started the B&B partnership on January 1, 2018. The business acquired $83,200 cash from Busby and $176,800 from Beatty. During 2018, the partnership earned $66,100 in cash revenues and paid $40,050 for cash expenses. Busby withdrew $1,800 cash from the business, and Beatty withdrew $3,900 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 2018 fiscal year.