These calculations are very hard please help

! Required information Problem 8-20A (Algo) Effect of business structure on financial statements LO 8-1 The following information applies to the questions displayed below) Cascade Company was started on January 1, Year 1, when it acquired $164.000 cash from the owners. During Year 1, the company earned cash revenues of $81,400 and incurred cash expenses of $62.700. The company also paid cash distributions of $13,000 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 esch assumption separately Problem 8-20A (Algo) Parta a. Cascade is o sole proprietorship owned by Carl Cascade $ Answer is not complete. Complete this question by entering your answers in the tabs below. wwwy WS Required information Answer is not complete. Complete this question by entering your answers in the tabs below. Inc Stmt Stmt of Changes Bal Sheet Cash Flows Prepare an income statement for Year 1. CASCADE COMPANY Income Statement For the Year Ended December 31, Year 1 Revenues OS 81 400 Expenses (62.700) Net income 18,700 Stmt of Changes > uwe in MMMM Required information Answer is not complete. Complete this question by entering your answers in the tabs below. Inc Stmt Stmt of Changes Bal Sheet Cash Flows Prepare a capital statement (statement of changes in equity) for Year 1. (Deductions should be indicated by a minus sign.) CASCADE COMPANY Capital Statement For the Year Ended December 31, Year 1 Beginning capital balance 164.000 Plus Capital acquired from owner 18.700 Plus. Net income 13,000 X Ending capital balance 195700 (inc sumt Bal Sheet> Required information Inc Stmt Changes Bal Sheet Cash Flows Prepare a balance sheet for Year 1. CASCADE COMPANY Balance Sheet As of December 31, Year 1 Assets 0 Total Assets Liabilities Equity Total liabilities and equity Tn C Rachat IT och fler Required information CASCADE COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities: IS 0 Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities: 0 Nel cash flow from financing activities Net change in cash 0 Ending cash balance S 0