Required information The following information applies to the questions displayed below.) Cascade Company was started on January 1, Year 1, when it acquired $165,000 cash from the owners. During Year 1, the company earned cash revenues of $99,100 and incurred cash expenses of $64,800. The company also paid cash distributions of $10,000. Required Prepare a Year 1 income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows under each of the following assumptions. (Consider each assumption separately.) a. Cascade is a sole proprietorship owned by Carl Cascade. (Amounts to be deducted should be indicated with minus sign.) CASCADE COMPANY Income Statement For the Year Ended December 31, Year 1 CASCADE COMPANY Capital Statement For the Year Ended December 31, Year 1 CASCADE COMPANY Balance Sheet As of December 31, Year 1 Assets Total Assets Liabilities Equity Total liabilities and equity