I NEED THE BALANCE SHEET & STATEMENT OF CASH FLOWS PLEASE!!!!!!

Faith Busby and Jeremy Beatty started the B&B partnership on January 1, 2018. The business acquired $90,000 cash from Busby and $160,000 from Beatty. During 2018, the partnership earned $65,100 in cash revenues and paid $41,200 for cash expenses. Busby withdrew $1,900 cash from the business, and Beatty withdrew $5,900 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 a balance sheet, and statement of cash flows for B&Bs 2018 fiscal year.

• Balance Sheet
• Smt of Cash Fls

Prepare a balance sheet.

B&B PARTNERSHIP
Balance Sheet
As of December 31, 2018
Assets
Cash	$266,100
Total assets		$266,100
Liabilities		0
Equity
F. Busby, Capital
J. Beatty, Capital
Total equity		0
Total liabilities and equity		$0

• Smt of Cash Fls

Prepare a statement of cash flows. (Negative amounts should be indicated by a minus sign.)

B&B PARTNERSHIP
Statement of Cash Flows
For the Year Ended December 31, 2018
Cash flows from operating activities:
Net cash flow from operating activities		$0
Cash flows from investing activities
Net cash flow from investing activities		$0
Cash flows from financing activities
Net cash flow from financing activities		0
Net change in cash		0
Ending cash balance		$0