Question: Prepare the partners' capital statement for the year. (List items that increase partners' capital first.) For Pharoah co beginning capital balances on January I. 2022,

For Pharoah co beginning capital balances on January I. 2022, are Nancy

Prepare the partners' capital statement for the year. (List items that increase partners' capital first.)

For Pharoah co beginning capital balances on January I. 2022, are Nancy Payne $23,300 and Ann Dody $22,500. During the year. drawings were Payne $7,600 and Dody $5,700. Net income was $31,800, and thc partners share income equally. prepare the partners' capital statement for the year. (List items that increase partners' capital first.) )uestion 3 of 4 Revenues -11

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