Question: Asanti and Quall are partners. Using the following information, prepare a statement of owners' equity on December 31, 2014. Capital Capital Contributions $10,000 $10,000 Net

Asanti and Quall are partners. Using the following information, prepare a statement of owners' equity on December 31, 2014.

Capital Capital Contributions $10,000 $10,000 Net Income Allocated $33,900 $22,100 Partner Drawings $12,000 $12,000 Jan. 1, 2014 Asanti $45,000 Qual$60,000

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