please help me fill out the income statement, capital statement, balance sheet, and statement of cash flows using this info
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: Year 1 fiscal yeat. Complete this question by entering your answers in the tabs below. Prepare a balance sheet. Complete this question by entering your answers in the tabs below. Prepare a statement of cash flows. Note: Cash outhows should be indicated with a minus sign. Faith Busby and Jeremy Beatty started the B8B partnership on January 1, Year 1. The business acquired $44,000 cast from Busby and $66,000 from Beatty. During Year 1, the partnership earned $42,000 in cash revenues and paid $18,400 for cash expenses. Busby withdrew $2,000 cash from the business, and Beatty withdrew $2,500 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. Prepare the income statement. Faith Busby and Jeremy Beatty started the B\&B partnership on January 1, Year 1 . The business acquired $44,000 cash from Busby and $66,000 from Beatty. During Year 1, the partnership earned $42,000 in cash revenues and paid $18,400 for cash expenses. Busby withdrew $2,000 cash from the business, and Beatty withdrew $2,500 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. Prepare a capital statement