Martinez Skies Co. had beginning capital balances on January 1, 2020, as follows: Patty Sharp $32,800 and Jim O'Connor $20,900. During the year, drawings were Sharp $16,900 and O'Connor $8,600. Net income was $41,500, and the partners share income equally. Prepare the partners' capital statement for the year. (List items that increase partners' capital first.) Beginning Capital Add : Net Income /(Loss) Less V: Drawings Ending Capital LA MARTINEZ SKIES COMPANY Partners' Capital Statement Sharp 32800 1000 LA O'Connor 20900 1000 LA LA Total 53700

Martinez Skies Co. had beginning capital balances on January 1, 2020, as follows: Patty Sharp $32,800 and Jim O Connor $20.900. During the year, drawings were S harp $16,900 and O Connor $8,600. Net income was $41,500, and the partners share income equally. Prepare the partners' capital statement for the year. (List items that increase partners' capital first.)