Faith Busby and Jeremy Beatty started the B&B partnership on January 1, 2018. The business acquired $77,500 cash from Busby and $172,500 from Beatty. During 2018, the partnership earned $61,700 in cash revenues and paid $34,350 for cash expenses. Busby withdrew $2,700 cash from the business, and Beatty withdrew $4,400 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. Complete this question by entering your answers in the tabs below. Income Statement Capital Statement Balance Sheet Smt of Cash Fls Prepare a balance sheet. B&B PARTNERSHIP Balance Sheet As of December 31, 2018 Assets Cash $ 270,250 Total assets $ 270,250 Liabilities 0 Equity F. Busby, Capital J. Beatty, Capital 0 Total equity Total liabilities and equity 0