At year-end, the Circle City partnership has the following capital balances: Manning, Capital $ 200,000 Gonzalez, Capital 180,000 Clark, Capital 150,000 Freeney, Capital 140,000 Profits and losses are split on a 3:3:2:2 basis, respectively. Clark decides to leave the partnership and is paid $158,000 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?

2.

Following are the capital account balances and profit and loss percentages (indicated parenthetically) for the William, Jennings, and Bryan partnership:

William (40%)	$	260,000
Jennings (40%)		210,000
Bryan (20%)		190,000

Darrow invests $300,000 in cash for a 30 percent ownership interest. The money goes to the business. No goodwill or other revaluation is to be recorded. After the transaction, what is Jenningss capital balance?