Question: View Policies 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

View Policies 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) Prepare the partners' capital statement for the year. (List items that increase partners' capital first.) SHERIDAN CO. Partners' Capital Statement N. Payne A. Dody Total (b) Prepare the owners' equity section of the balance sheet at December 31, 2022. SHERIDAN CO. Partial Balance Sheet S

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