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For Sunland Co., beginning capital balances on January 1, 2020, are Nancy Payne $18,900and Ann Dody $24,000. During the year, drawings were Payne $8,700and Dody

For Sunland Co., beginning capital balances on January 1, 2020, are Nancy Payne $18,900and Ann Dody $24,000. During the year, drawings were Payne $8,700and Dody $5,200. Net income was $28,700, and the partners share income equally.

show the partners' capital statement for the year and show the owners' equity section of the balance sheet at December 31, 2020.

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