A partnership has the following capital balances: comprix (50% Heflin (30%) Kaplan (208) of gains and losses ) $100,000 200,000 300,000 Mahar is going to pay a total of $201,000 directly to these three partners to acquire a 25 percent ownership interest from each. Goodwill is to be recorded. What is Heflin's capital balance after the transaction? Multiple Choice $150,000 $200,000 $195,900 $175,000 A partnership begins its first year of operations with the following capital balances: 78,000 68,000 78,000 Winston, Capital Durham, Capital Salem, Capital According to the articles of partnership, all profits will be assigned as follows: Winston will be awarded an annual salary of $14,000 with $7,000 assigned to Salem. The partners will be attributed interest equal to 10 percent of the capital balance as of the first day of the year. The remainder will be assigned on a 5:2:3 basis, respectively Each partner is allowed to withdraw up to $10,000 per year. The net loss for the first year of operations is $30,000 and net income for the subsequent year is $33,000. Each partner withdraws the maximum amount from the business each period. What is the balance in Winston's capital account at the end of the second year? Multiple Choice $53,100 $62,410 $60,210 $70.210