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A partnership has the following capital balances: Comprix (50% of gains and losses) $ 160,000 Heflin (25%) 260,000 Kaplan (25%) 360,000 Mahar is going to
A partnership has the following capital balances:
| Comprix (50% of gains and losses) | $ | 160,000 |
| Heflin (25%) | 260,000 | |
| Kaplan (25%) | 360,000 | |
Mahar is going to pay a total of $260,000 directly to these three partners to acquire a 25 percent ownership interest from each. Goodwill is to be recorded. What is Heflins capital balance after the transaction?
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