As of the end of the year, the Zingz Partnership has the following capital balances:

Denver, capital 180,000

Guthrie, capital 120,000

Collins, capital 90,000

Taylor, capital 80,000

Profits and losses are split on a 4:2:2:2 basis, respectively. Taylor decides to leave the partnership. The partnership agreement requires that he will be paid $100,000 from the business.

Requirements, including all calculations:

1. What will the balances in the partnership capital accounts after Taylor withdraws from the partnership if the bonus method is used?
2. What will the balances in the partnership capital accounts after Taylor withdraws from the partnership if the goodwill method is used?