eBook B Print Question 6 Not complete Marked out of 28.00 P Flag question Prepare statement of partners capital Assume that there are three partners in a partnership, A, B, and C. Partners A and B each began the year with a capital account of $300,000. Partner C was admitted to the partnership during the year with a capital contribution of $200,000. The Partnership Agreement provides for a salary to Partner Cof $35,000 and interest on the respective Capital Accounts of $20,000/520,000/$15,000, respectively. During the year, the partners withdrew $20,000/$30,000/510,000 and the allocation of profit was $90,000/S100,000/$40,000, respectively. Prepare the Statement of Partners Capital for the year. Use a negative sign with your answers to indicate a reduction to a balance. B Total $ $ $ Statement of Partners' Capital: Capital account, beginning of year $ Capital contributions Withdrawals Salary Interest Allocation of remaining profit Capital account, end of year $ $ $ $ Check Previous Save Answers Finish attempt