The statement of partners' equity shows the changes in each partner's capital account for a specific period of time. True Farrell and Jimmy enter into a partnership agreement on May 1, 2018. Farrell contributes $50,000 and Jimmy contributes $150,000 as their capital contribution: They decide to share profits and losses in the ratio of their respective capital account balances. The net loss for the year ended December 31,2018 is $40,000 The capital account of Farrell should be with his share of the loss. A. increased B. credited C. debited D. halved