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Laroche, Kennedy, and White formed a partnership on January 1 , 2 0 2 4 . Laroche invested $ 4 0 , 0 0 0

Laroche, Kennedy, and White formed a partnership on January 1,2024. Laroche invested $40,000, Kennedy $30,000, and White $50,000. Laroche will manage the store and receive 10,000 salaries. Kennedy received 5000 salary, and White did not work. Each partner withdrew 5000 $ in 2024. Other than the profit distribution to a partner, InstructionsCalculate the partners' capital balances at the end of 2024 under the following information: a) Profit is $150,000 and the profit ratio is Laroche 40%, Kennedy 35%, and White 25%.

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