For Crane Co., beginning capital balances on January 1, 2022, are Nancy Payne $22,400 and Ann Dody $20,700. During the year, drawings were Payne $7,900 and Dody $4,200. Net income was $28,200, 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 Total $ $ $ > $ $ $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (b) Prepare the owners' equity section of the balance sheet at December 31, 2022. CRANE CO. Partial Balance Sheet $ $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit