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Faith Busby and Jeremy Beatty started the B&B partnership on January 1, Year 1. The business acquired $92,400 cash from Busby and $187,600 from Beatty. During Year 1, the partnership earned $63,600 in cash revenues and paid $43,650 for cash expenses. Busby withdrew $1,900 cash from the business, and Beatty withdrew $3,600 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 Statement Capital Statement Balance Sheet Stmt of Cash Flows Prepare the income statement. B&B PARTNERSHIP Income Statement For the Year Ended December 31, Year 1 Complete this question by entering your answers in the tabs below. Income Statement Capital Statement Balance Sheet Stmt of Cash Flows Prepare a capital statement. B&B PARTNERSHIP Capital Statement For the Year Ended December 31, Year 1 Beginning capital balance Ending capital balance Income Statement Balance Sheet > Income Statement Capital Statement Balance Sheet Stmt of Cash Flows Prepare a balance sheet. (Do not round intermediate calculations and roun amount.) B&B PARTNERSHIP Balance Sheet As of December 31, Year 1 Assets Total assets Liabilities Equity Total equity Total liabilities and equity