The medical practice of Dr. W. Jarratt and Dr. M. Bramstrup had the following general ledger account balances at April 30, 2021, its fiscal year end: Accounts payable Accumulated depreciation-equipment Cash Equipment M. Bramstrup, capital $25,400 16,200 36,600 77,000 51,800 M. Bramstrup, drawings Operating expenses Service revenue W. Jarratt, capital W. Jarratt, drawings $122,000 145,900 378,000 36,100 126,000 Calculate the profit or loss for the year. $ Prepare the statement of partners' equity and the balance sheet, assuming the doctors share profit or loss equally. (List items that increase partner's equity first. List Current Assets in order of liquidity.) DRS. JARRATT AND BRAMSTRUP Statement of Partners' Equity W. Jarratt M. Bramstrup Total $ $ $ $ $ DRS. JARRATT AND BRAMSTRUP Balance Sheet Assets 2 $ $ Liabilities and Partners' Equity A $ $