Required: Prepare the equivalent statement of partners capital atDecember 31, 2019 assuming that the partnership is instead:

1. A proprietorship owned by B. White. (Combine C. Green balances and transactions with those of B. White.)

2. A corporation named BW and CG Ltd. with 100 shares of common stock issued to each of B. White and C. Green for a stated value of $1 per share. Assume opening retained earnings equal $29,800 and that 20,000 shares of common stock were issued during 2019 for a stated value of $1 per share.