Justin Harris and Paul Berryhill started the HB partnership on January 1,2006. The business acquired \($56,000\) cash from Harris and \($84,000\) from Berryhill. During 2006, the partnership earned \($65,000\) in cash revenues and paid \($32,000\) for cash expenses. Harris withdrew \($2,000\) cash from the business, and Berryhill withdrew \($3,000\) 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, balance sheet, and statement of cash flows for the ITB partnership for the 2006 fiscal year.