At year$-$end, the Queen City partnership has the following capital balances:Isabella, Capital Catherine, Capital Elizabeth, Capital Victoria, Capital$ $130,000110,00080,00070,000$Profits and losses are split on a $3$:$3$:$2$:$2$ basis, respectively. Elizabeth decides to leave the partnership and is paid $$90,000$ from the business based on the original contractual agreement.Required:If instead the partnership uses the bonus method, compute the balance of Isabella's capital account after Elizabeth withdraws.Note: Amounts to be deducted should be indicated with minus sign.Answer is complete but not entirely correct.Isabella's capital balance before bonus to ElizabethAllocation of Elizabeth's bonusIsabella's capital balance after bonus to Elizabeth$S$130,000(27,000)8103,000$

At year$-$end, the Queen City partnership has the following capital balances:

$\backslash$table$[[$Isabella$,$ Capital,$$130,000$