- II ch 9, APP C, ch 13, ch 7 A/R d/a 0 Saved Help [The following information applies to the questions displayed below) Snack Shack is a fast-food restaurant that is operated as a partnership of three individuals. The three partners share profits equally. The following selected account balances are for the current year before any closing entries are made. Debit Credit Glen, Capital 355,000 Chow, Capital 60,000 Wilkes, Capital 5.000 Glen, Drawing $15,000 Chow, Drawing 15,000 Wilkes, Draving 25,000 Income Summary 90,000 Required: On the basis of this information, answer the following questions. b. Prepare a Statement of Partners' Equity for the current year ended December 31. Assume that no partner has made an additional investment during the year. Snack Shack Statement of Partners' Equity For the Year Ended December 31, 20xx Glen Chow Wilkes Total Beginning capital balance Subtotal Ending capital balance