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Monty Skies Co . had beginning capital balances on January 1 , 2 0 2 0 , as follows: Patty Sharp $ 3 4 ,

Monty Skies Co. had beginning capital balances on January 1,2020, as follows: Patty Sharp $34,900 and Jim O'Connor $21,300. During the year, drawings were Sharp $15,200 and O'Connor $9,000. Net income was $45,500, and the partners share income equally.
Prepare the partners' capital statement for the year. (List items that increase partners' capital first.)
MONTY SKIES COMPANY Partners' Capital Statement
Sharp
O'Connor
Total
$
$
$
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