Problem 12-2A At the end of its first year of operations on December 31, 2017, NBS Companys accounts show the following. Partner Drawings Capital Art Niensted $23,200 $40,200 Greg Bolen 14,500 33,500 Krista Sayler 10,700 26,500 The capital balance represents each partners initial capital investment. Therefore, net income or net loss for 2017 has not been closed to the partners capital accounts.