Goodman, Pinkman, and White formed a partnership on January 1, 2020, and made capital contributions of $125,000 (Goodman), $175,000 (Pinkman), and $250,000 (White), respectively. With respect to the division of income, they agreed to the following: (1) interest of an amount equal to 10% of the that partners beginning capital balance for the year; (2) annual compensation of $15,000 to Pinkman; and (3) the remainder of the income or loss to be split among the partners in the following percentages: (a) 20% for Goodman; (b) 40% for Pinkman; and (c) 40% for White. Net income was $200,000 in 2020 and $240,000 in 2021. Each partner withdrew $1,500 for personal use every month during 2020 and 2021.

What was Pinkmans capital balance at the end of 2021?

Multiple Choice

$342,810.

$337,500.

$300,660.

$324,810.

$361,650.

What was the remainder portion of net income allocated to White for 2021?

Multiple Choice

$96,000.

$68,160.

$90,000.

$62,160.

$74,160.