this is part A full question but if u need B its https://www.chegg.com/homework-help/questions-and-answers/mework-required-information-problem-11-22a-effect-business-structure-financial-statements--q33155097

work Required information Problem 11-22A Effect of business structure on financial statements LO 11-1 IThe following information applies to the questions displayed below. Cascade Company was started on January 1, Year 1, when it acquired $169,000 cash from the owners. During Year 2, the company earned cash revenues of $89,500 and incurred cash expenses of $64,600. 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) Problem 11-22A Part a o. Carscade is a sole proprietorship owned by Carl Cascade. (Amounts to be deducted should be indicated with minus sign.) Income Statement For the Year Ended 31, Year 1 (54,000 enoO elyn Patnoto