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  3. the e.n.d. partnership has the following capital b

The E.N.D. partnership has the following capital balances as of the end of the current...

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Accounting

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The E.N.D. partnership has the following capital balances as of the end of the current year: Pineda Adams Fergie Gomez s140,000 120,000 10,000 100,000 Total capital s470000 a. Assume that the partners share profts and losses 3:3:2:2, respectively. Fergie retires and is paid $140,000 based on the terms of the original partnership agreement. Ithe goodwil method is used, what is the capital balance of the remaining three partners? Capital Balance Pineda Adams Gome b. Assume that the partners share profits and losses 4:32:1, respectively. Pineda retires and is paid $340,000 based on the terms of the original partnership agreement. It the bonus method is used, what is the capital balance of the remaining three partners? (Do not round your intermediate calculations. Round your final answers to the nearest dollar amounts.) Capital Balance Adams Fergie

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