Question: Need a income statement capital statement and a balance sheet as well as cash flow can you explain please Check my Problem 8-20 Part b

Need a income statement capital statement and a balance sheet as well as cash flow can you explain please

Need a income statement capital statement and a balance sheet as well

Check my Problem 8-20 Part b b. Cascade is a partnership with two partners, Carl Cascade and Beth Cascade. Carl Cascade invested $107,800 and Beth Cascade invested $46,200 of the $154,000 cash that was used to start the business. Beth was expected to assume the vast majority of the responsibility for operating the business. The partnership agreement called for Beth to receive 60 percent of the profits and Carl to $4,200. get the remaining 40 percent. With regard to the $6,000 distribution, Beth withdrew $1,800 from the business and Carl withdrew Complete this question by entering your answers in the tabs below. Inc Stmt Cap Stmt Bal Sheet Cash Flows Prepare a income statement for 2018. CASCADE COMPANY Income Statement For the Year Ended December 31, 2018 arch O 9

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