The following information applies to the questions displayed below.$]$

Assume for each of the following independent cases that the annual accounting period ends on December $31.$ Revenues for the year were $$165,000.$ Expenses for the year were $$186,000.$

Case A: Assume that RiseUp Company is a sole proprietorship owned by Mrs$.$ Rise. Prior to the closing entries, the capital account reflects a balance of $$68,000$ and the drawing account shows a balance of $$8,000.$

Case B: Assume that RiseUp Company is a partnership owned by Mrs$.$ Rise and Mr$.$ Up$.$ Prior to the closing entries, the owners' equity accounts reflect the following balances: Rise, Capital, $$45,000$; Up$,$ Capital, $$45,000$; Rise, Drawings, $$7,000$; and Up$,$ Drawings, $$9,000.$ Profits and losses are divided equally.

Case C: Assume that RiseUp Company is a corporation.

$2.$ Show how the statement of owner's equity would appear at December $31$ for Case A and Case B$.$

Case A: Sole Proprietorship

Case B: Partnership