1- Tomas and Saturn are partners who share income in the ratio of 3:1. Their capital balances are $80,000 and $120,000, respectively. The partnership generated net income of $30,000. What is Saturn's capital balance after closing the revenue and expense accounts to the capital accounts?

a. $127,500

b. $112,500

c. $102,500

d. $120,000

2- Franco and Jason share income and losses in a 2:1 ratio after allowing for salaries of $17,400 and $42,900, respectively. If the partnership suffers a $15,900 loss, by how much would Jason's capital account increase?

a. $17,500

b. $31,800

c. $37,600

d. $42,900