E14.11 Post-Retirement Capital Balances On April 30, 2020, the partnership of ABC Associates had the following balance sheet: Total assets, at cost...... $750,000 Loan payable to Atkins........... Capital-Atkins........ Capital Bodkins ........ Capital-Calkins... Total liabilities and capital ........ $200,000 100,000 300,000 150,000 $750,000 The partners share income in a 2:3:5 ratio. Atkins is retiring as of April 30, 2020. The partnership's assets have been appraised at $975,000, and the partnership records the appraised value. The partnership agrees to pay $125,000 for Atkins' capital interest. Atkins' loan will remain, and will continue to be paid, with interest, over the next several years. No goodwill is to be recorded in connection with Atkins' retirement. Required Calculate the capital balances of Bodkins and Calkins immediately after recording the retirement of At- kins, using the bonus method