After closing the revenue and expense accounts, the profit for the year ended December 31, 2021 of the Mo & Molly partnership is $105,000. The partnership agreement specifies that profits and losses will be shared using the following formula. Allocate salary allowances of $18,000 to Mo and $36.000 to Molly Remaining profit (loss) is to be shared on a ratio of 2:1. 1 2 At the beginning of the year, Mo's capital account had a balance of 534,000 and Molly's capital account had a balance of $27.000 Mo withdrew $2,000 cash per month while Molly withdrew $4,000 per month from the partnership Prepare a statement of partners' equity for the year. (List items that increase partner's equity first.) MO & MOLLY Statement of Partners' Equity Year Ended December 31, 2021 MO 34000 $ Molly Total Catalanuary 1 27000 $ Aod 24000 48000 Textbook and Media