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Karen, Lisa, and Linda have partnership capital account balances of $151000, $300400 and $70600, respectively. The profit-sharing ratio is Karen, 50%; Lisa, 40%; and Linda,
Karen, Lisa, and Linda have partnership capital account balances of $151000, $300400 and $70600, respectively. The profit-sharing ratio is Karen, 50%; Lisa, 40%; and Linda, 10%. Karen wishes to withdraw from the partnership and it is agreed that partnership assets of $121000 will be used to pay Karen for her partnership interest. The balances of Lisa's and Linda's Capital accounts after Karen's withdrawal would be Lisa, $300400; Linda, $70600. Lisa, $285400; Linda, $55600. Lisa, $324400; Linda, $76600. Lisa, $276400; Linda, $64600
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