Prepare a balance sheet. (Do not round intermediate calculations and round your final answer to the nearest whole dollar amount.) Problem: Module 3 Textbook Problem 10 Learning Objective: 3-9 Identify the primary characteristics of sole proprietorships, partnerships, and corporations Faith Busby and Jeremy Beatty started the B\&B partnership on January 1, Year 1. The business acquired $100,800 cash from Busby and $179,200 from Beatty. During Year 1, the partnership earned $67,800 in cash revenues and paid $33,300 for cash expenses. Busby withdrew $3,200 cash from the business, and Beatty withdrew $3,500 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. and $179,200 from Beatty, During Year 1 , the partnership earned $67,800 in cash revenues and paid $33,300 for cash expenses. Busby withdrew $3,200 cash from the business, and Beatty withdrew $3,500 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 88.5 Year 1 fiscal year. Complete this question by entering your answers in the tabs below. Prepare a capital statement. Prepare a statement of cash flows. (Cash outflows should be indicated with a minus sign.)