Prepare partners' capital statement and partial balance sheet. (LO2) For National Co., beginning capital balances on January 1, 2017, are Nancy Payne $20,000 and Ann Dody $18,000. During the year, drawings were Payne $8,000 and Dody $5,000. Net income was $40,000, and the partners share income equally. Instructions (a) Prepare the partners' capital statement for the year. (b) Prepare the owners' equity section of the balance sheet at December 31, 2017