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The partnership of Angel Investor Assoclates began operations on January 1 , 2 0 Y 5 , with contributions from two partners as follows: Dennis

The partnership of Angel Investor Assoclates began operations on January 1,20Y5, with contributions from two partners as follows:
Dennis Overton
$76,670
67,320
Ben Testerman
67,320
The following additional partner transactions took place during the year:
In early January, Randy Campbell is admitted to the partnership by contributing $43,010 cash for a 23% interest.
The partners" withdrawals are equal to half of the increase in their capital balances from salary allowance and income.
Prepare a statement of partnership equity for the year ended December 31,20Y5. If an amount box does not require an entry, leave it blank.
Angel Investor Associates
Statement of Partnership Equity
For the Year Ended December 31,20 Y5
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