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

Manning, Capital	$	170,000
Gonzalez, Capital		150,000
Clark, Capital		120,000
Freeney, Capital		110,000

Profits and losses are split on a 3:3:2:2 basis, respectively. Clark decides to leave the partnership and is paid $138,000 from the business based on the original contractual agreement.

The payment made to Clark beyond his capital account was for Clark's share of previously unrecognized goodwill. After recognizing partnership goodwill, what is Mannings capital balance after Clark withdraws?

Multiple Choice

• $197,000

• $183,500

• $188,000

• $175,400