Faith Busby and Jeremy Beatty started the B&B partnership on January 1. Year 1. The business acquired $79.800 cash from Busby and $130,200 from Beatty. During Year 1, the partnership earned $68,400 in cash revenues and paid $27,450 for cash expenses. Busby withdrew $2,900 cash from the business, and Beatty withdrew $4,800 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 Year 1 fiscal year Complete this question by entering your answers in the tabs below. Income Capital Stmt of Cash Statement Balance Sheet Statement Flows Prepare a balance sheet. (Do not round Intermediate calculation and round your finanswer to the nearest whole dalter amount.) B&B PARTNERSHIP Balance Sheet As of December 31, Year 1 Assets Cash $ 243 250 $ 243 250 O Total assets Liabilities Equity J. Beatty, Capital $ 150,815