Faith Busby and Jeremy Beatty started the B&B partnership on January 1, 2018. The business acquired $100,800 cash from Busby and $179,200 from Beatty. During 2018, the partnership earned $66,500 in cash revenues and paid $25,950 for cash expenses. Busby withdrew $3,500 cash from the business, and Beatty withdrew $4,200 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&Bs 2018 fiscal year.