For Ivanhoe Co., beginning capital balances on January 1, 2020, are Nancy Payne $23,800 and Ann Dody $22,200. During the year, drawings were Payne $8,200 and Dody $4,000. Net income was $33,800, and the partners share income equally.

Prepare the partners capital statement for the year. (List items that increase partners' capital first.)

IVANHOE CO. Partners Capital Statement choose the accounting period December 31, 2020For the Year Ended December 31, 2020For the Month Ended December 31, 2020

N. Payne

A. Dody

Total

select an opening name DrawingsExpensesNet Income / (Loss)Capital, January 1Capital, December 31RevenuesTotal ExpensesTotal Revenues

$enter a dollar amount

$enter a dollar amount

$enter a total for the row

select between addition and deduction AddLess: select an item DrawingsExpensesNet Income / (Loss)Capital, January 1Capital, December 31RevenuesTotal ExpensesTotal Revenues

enter a dollar amount

enter a dollar amount

enter a total for the row

Prepare the owners equity section of the balance sheet at December 31, 2020.

IVANHOE CO. Partial Balance Sheet choose the accounting period For the Year Ended December 31, 2020December 31, 2020For the Month Ended December 31, 2020
select an opening section name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentOwners' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Owner's EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Owners' Equity
select a balance sheet item Net IncomeCapital, December 31DrawingsA. Dody, CapitalCapital, January 1N. Payne, Capital			$enter a dollar amount
select a balance sheet item DrawingsCapital, January 1Net IncomeCapital, December 31A. Dody, CapitalN. Payne, Capital			enter a dollar amount
select a closing section name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentOwners' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Owner's EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Owners' Equity					$enter a total amount for the section

enter a subtotal of the two previous amounts

enter a subtotal of the two previous amounts

enter a subtotal of the two previous amounts

select between addition and deduction AddLess: select an item DrawingsExpensesNet Income / (Loss)Capital, January 1Capital, December 31RevenuesTotal ExpensesTotal Revenues

enter a dollar amount

enter a dollar amount

enter a total for the row

select a closing name DrawingsExpensesNet Income / (Loss)Capital, January 1Capital, December 31RevenuesTotal ExpensesTotal Revenues

$enter a total amount

$enter a total amount

$enter a total amount