Fill in the Partners Capital Statement Table using the partner agreeement detailed below and the profit and loss statement below:

Partners' Capital Statement	Date prepared:	03/08/20XX
	For month, year:	July 20XX
	A Jones	N Woods	Total Partnership
Capital balances, 30 June 20XX
Add investments
Net Income
Capital balances, end month			$ 140,759.10

Partnership agreement:

This Partnership Agreement ("Agreement") is entered into on 5 June 20XX between Nathan Woods and Amelia Jones (referred to collectively as "Partners") to establish and govern The Sapphire Partnership (referred to as "Partnership"), a workplace operating in the hospitality industry in Sydney, Australia.

Capital Contribution and Ownership: a) Amelia Jones, holding a 60% ownership interest, shall serve as the Managing Director and has made a capital contribution of $100,000. b) Nathan Woods, holding a 40% ownership interest, shall serve as the Client Services Director and has made a capital contribution of $60,000.

Profit and Loss Distribution: a) Profit and Loss Allocation: Profits and losses of the Partnership shall be allocated in proportion to the Partners' ownership interests. Amelia Jones shall be entitled to 60% of the profits or losses, while Nathan Woods shall be entitled to 40% of the profits or losses.

b) Distribution of Profits: Any profits shall be distributed among the Partners in accordance with their ownership interests as agreed upon by the Partners. a. The partners agree a balance of $25,000.00 is required each month to cover operating costs and contingencies. b. Withdrawals for remainder profit to be made based on agreed percentages.

Profit and loss statement - Sapphire Partnership
Month	JUL XX
Income
	Sales - Training	$ 24,640.00
	Sales - Consultancy	$ 53,680.00
	Total Sales	$ 78,320.00
	Less Total Disc/Comm	$ 1,650.00
	Total Net Income	$ 76,670.00
	Expenses
	Rent Expense	$21,320.00
	Insurance	$2,750.00
	Contract Staff	$2,200.00
	Telephone	$346.50
	Fuel - MV Expenses	$431.64
	Website hosting	$225.50
	Stationery	$860.75
	Loan	$2,016.00
	Interest on loan	$345.00
	Salaries	$11,959.66
	Superannuation	$1,315.56
	Workers' Compensation	$358.78
	Bank Charges	$10.00
Total Expenses	$44,139.39
Monthly Net Profit / (Loss)		$ 32,530.61
Total Year to Date Net Profit / (Loss)	$ 32,530.61