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using the phots can someone find the partners capital statement? At the end of its first year of operations on December 31, 2020, Sheridan Company's

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using the phots can someone find the partners capital statement?

At the end of its first year of operations on December 31, 2020, Sheridan Company's accounts show the following. Partner Art Niensted Greg Bolen Krista Sayler Drawings $22,700 13,500 11,700 Capital $42,900 32,500 27,000 The capital balance represents each partner's initial capital investment. Therefore, net income or net loss for 2020 has not been closed to the partners' capital accounts. To record the division of net income for the year 2020 under each of the following independent assumptions. 1. 2. Net income is $29,500. Income is shared 6:3:1. Net income is $38.600. Niensted and Bolen are given salary allowances of $14,600 and $10,500, respectively. The remainder is shared equally. Net income is $18.900. Each partner is allowed interest of 10% on beginning capital balances. Niensted is given a $14,960 salary allowance. The remainder is shared equally. 3. DIVISION OF NET INCOME Greg Bolen Art Niensted Krista Sayler $ 14960 i 2700 4290 3250 19250 3250 2700 Salary allowance Interest allowance on capital Total salaries and interest Remaining excess/ deficiency Total division of net income 2100 -2100 -2100 $ 17150 $ 1150 600 $ essay 12.docx D extended response.docx Show all 9 7:56 AM 4/27/2021 DIVISION OF NET INCOME Greg Bolen Art Niensted Krista Sayler Total 14960 i 14960 4290 3250 2700 10240 19250 3250 2700 25200 -2100 -2100 -2100 -6300 17150 $ 1150 600 $ 18900 o extended response.docx Show all 1:56 AM 4/27/2021 1. Income Summary 29500 A. Niensted, Capital 17700 G.Bolen, Capital 8850 K. Sayler, Capital 2950 2. Income Summary 38600 A. Niensted, Capital 19100 G. Bolen, Capital 15000 K Sayler, Capital 4500 3. Income Summary 18900 A. Niensted, Capital 17150 G. Bolen, Capital 1150 3. Income Summary 18900 A. Niensted, Capital 17150 G. Bolen, Capital 1150 K. Sayler, Capital 600 e Textbook and Media Attempts: 1 of 5 used w extended response.docx Show all O 10 1:57 AM 4/27/2021 DALL SHERIDAN COMPANY Partners' Capital Statement Krista Sa Art Niensted Greg Bolen $ $ $ $ $ $ e Textbook and Media 2.docx WE extended response.docx Show all 1:57 AM 4/27/2021 SHERIDAN COMPANY Partners' Capital Statement Art Niensted Greg Bolen Krista Sayler Total $ $ $ $ $ $ $ $ e Textbook and Media extended response.docx Show all x 1:57 AM 4/27/2021

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