Lets assume that we have a partnership firm and it has a capital of $.800000. The capital is introduced by 4 partners at the ratio of 5:3:5:7 respectively. During the year 2019 the firm made a profit of $.400000 which is to be distributed among partners at the ratio of 4:6:6:4 respectively. Partners 1 and 2 made an additional investment of $.50000 and $.60000 to the business and partners 3 and 4 made a drawing of $.40000 and $.30000 from the business respectively. You are required to prepare an owners equity statement for the Partnership as a whole and each partners individually.