! Required information [The following information applies to the questions displayed below.] Snack Shack is a fast-food restaurant that is operated as a partnership of three individuals. The three partners share profits equally. The following selected account balances are for the current year before any closing entries are made. Debit Credit $55,000 60,000 5,000 Glen, Capital Chow, Capital Wilkes, Capital Glen, Drawing Chow, Drawing Wilkes, Drawing Income Summary $15,000 15,000 25,000 90,000 Required: On the basis of this information, answer the following questions. b. Prepare a Statement of Partners' Equity for the current year ended December 31. Assume that no partner has made an additional investment during the year. b. Prepare a Statement of Partners' Equity for the current year ended December 31. Assume that no partner has made an additional investment during the year. Snack Shack Statement of Partners' Equity For the Year Ended December 31, 20xx Glen Chow Wilkes Total Beginning capital balance Subtotal $ 0 $ 0 $ 0 $ 0 Ending capital balance $ 0 $ O $ 0 $ 0