For Starrite Co., beginning capital balances on January 1, 2012, are Donna Noble $20,000 and Amy Bond $18,000. During the year, drawings were Noble $8,000 and Bond $5,000. Net income was $30,000, and the partners share income equally.

Instructions
  (a) Prepare the partners’ capital statement for the year.
  (b) Prepare the owners’ equity section of the balance sheet at December 31, 2012.