After the books are closed, Allen \& Bowden's partnership balance sheet reports capital of \(\$ 60,000\) for Allen and \(\$ 70,000\) for Bowden. Allen is withdrawing from the firm. The partners agree to write down partnership assets by \(\$ 40,000\). They have shared profits and losses in the ratio of one-third to Allen and two-thirds to Bowden. If the partnership agreement states that a withdrawing partner will receive assets equal to the book value of his owner's equity, how much will Allen receive? Bowden will continue to operate the business as a proprietorship. What is Bowden's beginning capital on the proprietorship books?