For Sandhill Co$.,$ beginning capital balances on January $1,2022,$ are Nancy Payne $$19,700$ and Ann Dody $$17,100.$

During the year, drawings were Payne $$7,200$ and Dody $$4,400.$ Net income was $$25,300,$ and the partners share

income equally.

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

eTextbook and Media

Prepare the owners' equity section of the balance sheet at December $31,2022.$

SANDHILL CO$.$

Partial Balance Sheet

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