8. The Raney and Kiser partnership agreement stipulates that profits and losses will be shared equally after salary allowances of $160,000 for Raney and $80,000 for Kiser. At the beginning of the year, Raney's Capital account had a balance of $320,000, while Kiser' Capital account had a balance of $280,000. Net income for the year was $200,000. The balance of Raney' Capital account at the end of the year after closing is (3 Points) 360,000 340,000 300,000 380,000