On January 1, 2014, the dental partnership of Left, Center, and Right was formed when the partners contributed $20,000, $60,000, and $50,000, respectively Over the next three years, the business reported net income and (loss) as follows 2014 $ (30,000 ) 2015 20,000 2016 40,000 During this period, each partner withdrew cash of $10,000 per year Right invested an additional $12,000 in cash on February 9, 2015 At the time that the partnership was created, the three partners agreed to allocate all profits and losses according to a specified plan written as follows Each partner is entitled to interest computed at the rate of 12 percent per year based on the individual capital balances at the beginning of that year Because of prior work experience, Left is entitled to an annual salary allowance of $12,000, and Center is credited with $8,000 per year Any remaining profit will be split as follows Left, 20 percent Center, 40 percent and Right, 40 percent If a loss remains, the balance will be allocated Left, 30 percent Center, 50 percent and Right, 20 percent Determine the ending capital balance for each partner as of the end of each of these three years (Do not round intermediate calculations Round your final answers to the nearest dollar amount )

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On January 1, 2014, the dental partnership of Left, Center, and Right was formed when the partners contributed $20,000, $60,000, and $50,000, respectively. Over the

On January 1, 2014, the dental partnership of Left, Center, and Right was formed when the partners contributed $20,000, $60,000, and $50,000, respectively. Over the next three years, the business reported net income and (loss) as follows:


2014	$	(30,000	)
2015		20,000
2016		40,000

During this period, each partner withdrew cash of $10,000 per year. Right invested an additional $12,000 in cash on February 9, 2015.

At the time that the partnership was created, the three partners agreed to allocate all profits and losses according to a specified plan written as follows:

	Each partner is entitled to interest computed at the rate of 12 percent per year based on the individual capital balances at the beginning of that year.
	Because of prior work experience, Left is entitled to an annual salary allowance of $12,000, and Center is credited with $8,000 per year.
	Any remaining profit will be split as follows: Left, 20 percent; Center, 40 percent; and Right, 40 percent. If a loss remains, the balance will be allocated: Left, 30 percent; Center, 50 percent; and Right, 20 percent.

Determine the ending capital balance for each partner as of the end of each of these three years. (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.)