Faith Busby and Jeremy Beatty started the B&B partnership on January 1, Year 1. The business acquired $75,600 cash from Busby and $134,400 from Beatty. During Year 1, the partnership earned $66,600 in cash revenues and paid $38,350 for cash expenses. Busby withdrew $3,800 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 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Income Statement Capital Statement Balance Sheet Stmt of Cash Flows Prepare a balance sheet. (Do not found intermediate calculations and round your final answer to the nearest whole dollar amount.) B&B PARTNERSHIP Balance Sheet As of December 31, Year 1 Assets Cash $ 228,550 $ 228,550 0 Total assets Liabilities Equity F. Busby, Capital J. Beatty, Capital $ 82,2783 146.272 Total equity Total liabilities and equity 228,550 $ 228,550