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need answers for part A Problem 14-24 (LO 14-10) The E.N.D. partnership has the following capital balances as of the end of the current year

image text in transcribedimage text in transcribedneed answers for part A

Problem 14-24 (LO 14-10) The E.N.D. partnership has the following capital balances as of the end of the current year Pineda Adams Fergie Gomez 150,000 130,000 120,000 110,000 510,000 Total capital Answer each of the following independent questions a. Assume that the partners share profits and losses 3:3:2:2, respectively. Fergie retires and is paid $160,000 based on the terms of the original partnership agreement. If the goodwill method is used, what is the capital balance of the remaining three partners? b. Assume that the partners share profits and losses 4:3:2:1, respectively. Pineda retires and is paid $285,000 based on the terms of the original partnership agreement. If the bonus method is used, what is the capital balance of the remaining three partners? (Do not round your intermediate calculations. Round your final answers to the nearest dollar amounts.)

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