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 thot partner's 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 Pinkman's capital balance at the end of 2020? Multiple Choice $259,500 $190,000 $211,500 $260,000 Prev 5 of 9 Magg > stv W