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tice Gradebook ORION Downloadable eTextbook ment FULLSCREEN PRINTER VERSION BACK Exercise 12-6 (Part Level Submission) For National Co., beginning capital balances on January 1, 2017, are Nancy Payne $20,000 and Ann Dody $18,000. During the year, drawings were Payne $8,000 and Dody $5,000. Net income was $40,000, and the partners share income equally Your answer is partially correct. Try again. Prepare the partners capital statement for the year. (List items that increase partners' capital first.) NATIONAL CO. Partners Capital Statement N. Payne A. Dody Total Capital, January 1 1 Less LTDrawings 13000 12000 13000 25000 Add | Net Income / (Loss) 20000 20000 40000 Capital, December 31 32000 33000 65000 Version 4.24.10.8 e here to search ie