Current Attempt in Progress

For Sheridan Co$.,$ beginning capital balances on January $1,2022,$ are Nancy Payne

$$16,500$ and Ann Dody $$14,400.$ During the year, drawings were Payne $$7,000$ and

Dody $$6,000.$ Net income was $$28,500,$ and the partners share income equally.

$($a$)$

$($b$)$

Prepare the owners' equity section of the balance sheet at December $31,2022.$

SHERIDAN CO$.$

Partial Balance Sheet

December $31,2022$