Item $10$

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Item $10$

Nolan Estes and Ronald Kirk are partners who share profits and losses in the ratio of $40$ to $60$ percent, respectively. The balances of their capital accounts on December $31,20$X$0,$ are Estes, $$197,000,$ and Kirk, $$217,000.$ With Kirk$$s agreement, Estes sells one$-$half of his interest in the partnership to Kawonza Carter for $$147,000$ on January $1,20$X$1.$

Required:

What will the capital account balances for each of the three partners be after this sale?