he partnership of Angel Investor Associates began operations on January $1,20$Y$5,$ with contributions from two partners as follows:

Dennis Overton $$96,120$

Ben Testerman $28,480$

The following additional partner transactions took place during the year:

$1.$ In early January, Randy Campbell is admitted to the partnership by contributing $$53,400$ cash for a $30\%$ interest.

$2.$ Net income of $$230,000$ was earned in $20$Y$5.$ In addition, Dennis Overton received a salary allowance of $$50,000$ for the year. The three partners agree to an income$-$sharing ratio equal to their capital balances after admitting Campbell.

$3.$ The partners' withdrawals are equal to half of the increase in their capital balances from salary allowance and income.

Prepare a statement of partnership equity for the year ended December $31,20$Y$5$