Exercise 12-06 a-b (Video) For Crane Co., beginning capital balances on January 1, 2020, are Nancy Payne $21,200 and Ann Dody 517,200. During the year, drawings were Payne $7,000 and Dody $5,900. Net income was $26.500, and the partners share income equally. Prepare the partners' capital statement for the year. (List items that increase partners' capital first.) CRANE CO. Partners' Capital Statement N. Payne A. Dody LINK TO TEXT VIDEO: SIMILAR EXERCISE Prepare the owners' equity section of the balance sheet at December 31, 2020. CRANE CO. Partial Balance Sheet Click if you would like to Show Work for this question: Open Show Work