For Wildhorse Co., beginning capital balances on January 1, 2020, are Nancy Payne $15,000 and Ann Dody $21,200. During the year, drawings were Payne $9,000 and Dody $4,400. Net income was $26,100, and the partners share income equally.Please complete chart. Also explain how you get the second answer for {add : Net Income/Loss}

For Wildhorse Co., beginning capital balances on January 1, 2020, are Nancy Payne $15,000 and Ann Dody $21,200. During the year, drawings were Payne $9,000 and Dody $4,400. Net income was $26,100, and the partners share income equally. (a) Prepare the partners' capital statement for the year. (List items that increase partners' capital first.) WILDHORSE CO. Partners' Capital Statement For the Year Ended December 31, 2020 V N. Payne A. Dody v $ 15000 $ 21200 Total Capital, January 1 $ 36200 Add V. Net Income / (Loss) V Less V Drawings 9000 4400 13400 Capital, December 31