Exercise 12-06 a-b (Video) For Blossom Co., beginning capital balances on January 1, 2020, are Nancy Payne $18,700 and Ann Dedy $16.00. During the year drawings were pe 8.500 and body 55,100. Net income was $29.400, and the parte Your answer is partially correct. Try again. Prepare the partners' capital statement for the year. (tantiems that increase partners capital first.) BLOSSOM CO. Partners Capital Statement N Payne A. Dody Total Capital, January a 18700 16200 3900 Less v Drawings 8500 5100 13600 10200 11100 21300 Add Net Income (LG) 14700 14700 29400 Total Revenues 24900 2580 50700 LINK TO TEXT VIDEO SIMILAR EXERCISE Your wer correct. Try again Prepare the owners equity section of the balance sheet at December 31, 2020. BLOSSON CO. Partial Balance Sheet here to search i o are Nancy Payne $18,700 and Ann Dody $16.200 Dunng the year, drawings were Payne $8,500 and Dody $5,100. Net income was $29,400, and the partners share income equally, s that increase partners' capital first.) A. Dody Total 16200 34900 5100 13600 11100 21300 14700 29400 25800 50700 VIDEO SIMILAR EXERCISE ecember 31, 2020 Bi Total Revenues 24900 25800 50700 LINK TO TEXT VIDEO SIMILAR EXERCISE x Your answer is incorrect. Try again. Prepare the owners' equity section of the balance sheet at December 31, 2020. BLOSSOM CO. Partial Balance Sheet x A Click if you would like to Show Work for this question: Open Show Work VIDEO SIMILAR EXERCISE LINK TO TEXT 0 TI