Question: PRINTER VERSION BACK Exercise 12-6 (Part Level Submission) For National Co, beginning capital balances on January 1, 2017, are Nancy Payne $22,500 and Ann Dody

PRINTER VERSION BACK Exercise 12-6 (Part Level Submission) For National Co, beginning capital balances on January 1, 2017, are Nancy Payne $22,500 and Ann Dody $22,800. During the year, drawings were Payne s8,400 and Dody $5,200. Net income was $28,200, and the partners share income equaly. (a) 2 Your answer is partially correct. Try again. Prepare the partners' capital statement for the year. (List items that increase partners' capital first.) NATIONAL CO. Partners' Capital Statement A. Dody Total N. Payne 45,300 22,500 22,800 Capital, January 1 31800 15900 15900 Net Income / (Loss) Add 13300 5700 7600 Drawings Less 64300 32700 31600 Capital, December 31 Versan 424 Sons, Inc. nttinn of behn Wey

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