Barber and Atkins are partners in an accounting firm and share net income and loss equally. Barber's beginning partnership capital balance for the current year is $235,000, and Atkins's beginning partnership capital balance for the current year is $338,000. The partnership had net income of $356,000 for the year. Barber withdrew $55,000 during the year and Atkins withdrew $117,000. What is Atkins's return on equity? Multiple Choice 44.6% 52.7% O 48.3% 24.2% O 56.2% Masters, Hardy, and Rowen are dissolving their partnership. Their partnership agreement allocates income and losses equally among the partners. The current period's ending capital account balances are Masters, $16,700, Hardy, $16,700, Rowen, $(3,700). After all the assets are sold and liabilities are paid, but before any contributions to cover any deficiencies, there is $29,700 in cash to be distributed. Rowen pays $3,700 to cover the deficiency in his account. The general journal entry to record the final distribution would be: Debit Cash $29,700; debit Rowen, Capital $3,700; credit Masters, Capital $16,700; credit Hardy, Capital $16,700. Debit Masters, Capital $14,850; debit Hardy, Capital $14,850; credit Cash $29,700. Debit Masters, Capital $9,900; debit Hardy, Capital $9,900; debit Rowen, Capital $9,900; credit Cash $29,700. Debit Masters, Capital $16,700; debit Hardy, Capital $16,700; credit Cash $33,400. Debit Masters, Capital $16,700; debit Hardy, Capital $16,700; credit Rowen, Capital $3,700; credit Cash $29,700