Please also provide the partner's capital statement for this problem.

C.) Required: Partner's Capital Statement

At the end of its first year of operations on December 31, 2022, NBS Company's accounts show the following. Partner Drawings Capital Art Niensted $23,000 $48,000 Greg Bolen 14,000 30,000 Krista Sayler 10,000 25,000 The capital balance represents each partner's initial capital investment. Therefore, net income or net loss for 2022 has not been closed to the partners' capital accounts. Your Answer Correct Answer Your answer is partially correct. Journalize the entry to record the division of net income for the year 2022 under each of the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. Net income is $30,000. Income is shared 6:3:1. 2. Net income is $40,000. Niensted and Bolen are given salary allowances of $15,000 and $10,000, respectively. The remainder is shared equally. 3. Net income is $19,000. Each partner is allowed interest of 10% on beginning capital balances. Niensted is given a $15,000 salary allowance. The remainder is shared equally. iccount Titles and Explanation Debit Credit Income Summary 30,000 A. Niensted, Capital 18,000 G. Bolen, Capital 9,000 K. Sayler, Capital 3,000 Income Summary 40,000 A. Niensted, Capital 15,000 G. Bolen, Capital 11,666 K. Sayler, Capital 5,000 Income Summary 19,000 A. Niensted, Capital 10,200 G. Bolen, Capital 5,700 K. Sayler, Capital 5,700 (b) Prepare a schedule showing the division of net income under assumption (3) above. (If an amount reduces the account balance then enter with a negative sign preceding the number e.g. -15,000 or parenthesis e.g. (15,000).) DIVISION OF NET INCOME Art Niensted Greg Bolen Krista Sayle Salary allowance $ Interest allowance on capital Total salaries and interest Remaining excess/ deficiency Total division of net income $ $ $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit