Gin is retiring from the partnership, and the partners agreed that she should receive $200,000 cash as payment in full for her share of partnership assets. If the goodwill implied by the settlement with Gin is recorded on the partnership books, total partnership assets after Gin’s withdrawal should be:

a $566,667 b $500,000 c $430,000 d $400,000 Partnerships—Formation, Operations, and Changes in Ownership Interests 555