7. On June 30, 2006, the balance sheet for Soll, Maduro & Prieto LLP (together with the income-sharing ratio) was as follows: Assets Loan payable to Coll Coll, capital (20%) Maduro, capital (20%) Prieto, capital (60%) Total Coll decided to retire from the partnership. By mutual agreement, the partnership assets were to be adjusted to their current fair value of $216,000 on June 30, 2006. It was agreed that the partnership would pay Coll $61,200 cash for Coll's partnership interest, including Coll's loan that was to be repaid in full. No goodwill was to be recognized. After Coll's retirement, the balance of Maduro's capital account is: A) $36,450 B) $39,000 C) $45,450 D) $46,200 $180.000 $ 9,000 42,000 39,000 90,000 $180.000 Some other amount

7. On June 30, 2006, the balance sheet for 2011 , Maduro \& Prieto LTP (together with the income-sharing ratio) was as follows: Coll decided to retire from the partnership. By mutual agreement, the partnership assets were to be adjusted to their current fair value of $216,000 on June 30,2006 . It was agreed that the partnership would pay Coll \$61,200 cash for Coll's partnership interest, including Coll's loan that was to be repaid in full. No goodwill was to be recognized. After Coll's retirement, the balance of Maduro's capital account is: A) $36,450 B) $39,000 C) 345,450 D) $46,200 E) Some other amount