AC116 Unit 6 Lab Learning Activity Question 2 of 2 For Sandhill Co., beginning capital balances on January 1, 2022, are Nancy Payne $19,700 and Ann Dody $17,100. During the year, drawings were Payne $7.200 and Dody $4,400. Net income was $25.300, and the partners share income equally. (a) Prepare the partners' capital statement for the year. (List items that increase partners' capital first.) Type here to search LY SANDHILL CO. Partners' Capital Statement N. Payne -/5 A. Dody 76 F Total 1 PO 8/23

Prepare the owners' equity section of the balance sheet at December 31,2022 For Sandhill Co. beginning capital balances on January 1, 2022, are Nancy Payne $19,700 and Ann Dody $17,100. During the year. drawings were Payne $7,200 and Dody $4,400. Net income was $25,300, and the partners share income equally. (a) Prepare the partners' capital statement for the year. (List items that increase partners' copitol first)