Problem 12-02A a-c (Video) At the end of its first year of operations on December 31, 2020, Blossom Company's accounts show the following Partner Drawings Capital Art Niensted Greg Bolen Krista Sayler The capital balance represents each partner's initial capital investment. Therefore, net income or net loss for 2020 has not been closed to the partners' capital accounts. $22,600 14,000 11,300 $46,200 39,500 29,500