Faith Busby and Jeremy Beatty started the B&B partnership on January 1, Year 1. The business acquired 570 400 cash from Busby and $149,600 from Beatty During Year 1, the partnership earned $67100 in cash revenues and paid $30,500 for cash expenses Busby withdrew $3,300 cash from the business, and Beatty withdrew $3.300 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 Complete this question by entering your answers in the tabs below. Income Capital Stmt of Cash Balance Sheet Statement Statement Flows Prepare a balance sheet. (Do not round intermediate calculations and round your final answer to the nearest whole dollar amount.) BAB PARTNERSHIP Balance Sheet As of December 31, Year 1 Assets Cash $ 250.000 Total assets Liabilities $ 250,000 0 Equity F Busby, Capital J. Beatty, Capital 0 Total equity Total liabilities and equity $ 0 Falth Busby and Jeremy Beatty started the B&B partnership on January 1. Year 1. The business acquired 570,400 cash from Busby and $149,600 from Beatty. During Year 1, the partnership earned $67100 in cash revenues and paid $30,500 for cash expenses Busby withdrew $3,300 cash from the business, and Beatty withdrew $3,300 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 Complete this question by entering your answers in the tabs below. Capital Income Statement statement Belunce Sheet Stmt of Cash Flows Prepare a statement of cash flows.(Cash outflows should be indicated with a minus sign.) B&B PARTNERSHIP Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities $ R Net cash flow from operating activities Cash flows from investing activities $ 0 Net cash flow from investing activities Cash flows from financing activities Net cash flow from financing activities Not change in cash 0 0 $ 0 Ending cash balance