Drake Cushing and Shawn Tadlock started the CT partnership on January 1, 2014. The business acquired $38,920 cash from Cushing and $100,080 from Tadlock. During 2014, the partnership earned $66,700 in cash revenues and paid $38,000 for cash expenses. Cushing withdrew $3,800 cash from the business, and Tadlock withdrew $4,200 cash. The net income was allocated to the capital accounts of the two partners in proportion to the amounts of their original investments in the business.
Prepare a balance sheet for the CT partnership for the 2014 fiscal year.
(I'm having trouble finding the stockholders' equity for each partner)
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