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For Wildhorse Co., beginning capital balances on January 1, 2022, are Nancy Payne $22,400 and Ann Dody $16,500. During the year, drawings were Payne $8,600

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For Wildhorse Co., beginning capital balances on January 1, 2022, are Nancy Payne $22,400 and Ann Dody $16,500. During the year, drawings were Payne $8,600 and Dody $4,100. Net income was $32,500, and the partners share income equally. Prepare the owners' equity section of the balance sheet at December 31, 2022

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