A partnership has the following capital balances: Carpenter (40% of gains and losses) …

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A partnership has the following capital balances: Carpenter (40% of gains and losses) $ 140,000 Dane (30%) 280,000 Elkhart (30%) 340,000

Krystal is going to pay a total of $240,000 to these three partners to acquire a 25 percent ownership interest from each. Goodwill is to be recorded. What is Dane’s capital balance after the transaction?

$210,000.

$255,000.

$340,000.

$352,000.

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