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Question 7 Prepare a partners' capital statement for Whatito Company based on the following information. Whatley Hito Beginning capital $30,000 $27,000 Drawings during year 15,000

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Question 7 Prepare a partners' capital statement for Whatito Company based on the following information. Whatley Hito Beginning capital $30,000 $27,000 Drawings during year 15,000 8,000 Net income was $45,000, and the partners share income 60% to Whatley and 40% to Hito. (List items that increase partners' capital first.) WHATITO COMPANY Partners' Capital Statement Whatley Hito Total

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