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John and Jane are partners in a business. Their capital balances on January 1, 2024, were 100,000 and 80,000 respectively. During the year, John withdrew

John and Jane are partners in a business. Their capital balances on January 1, 2024, were ₹100,000 and ₹80,000 respectively. During the year, John withdrew ₹10,000 and Jane withdrew ₹8,000. The partnership earned a net income of ₹50,000, which is to be divided in the ratio of their original capital balances. Calculate the closing capital balances for both John and Jane.

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