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Help Seve&Bit Submit Check my work Falth Busby and Jeremy Beatty started the B&B partnership on January 1, 2018. The business acquired $91200 cash from

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Help Seve&Bit Submit Check my work Falth Busby and Jeremy Beatty started the B&B partnership on January 1, 2018. The business acquired $91200 cash from Busby and $148,800 from Beatty. During 2018, the partnership earned $65,300 in cash revenues and paid $36150 for cash expenses. Busby withdrew $2,200 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 2018 fiscal year. Complete this question by entering your answers in the tabs below. Income Statement Statement Balance Sheet Smt of Cash Prepare a balance sheet. 010 B&B PARTNERSHIP Balance Sheet As of December 31, 2018 Cash Total assets Liabities Equity F. Busby, Capital J. Beatty, Capital Total equity Total s and equity Prey 1 of 8 !!! Next >

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