On January 1, 2020. Shifra York and Tamara Hadfield formed a partnership. The partners agreed to invest equal amounts of capital Hadfield invested her proprietorship's assets and liabilities (all accounts have normal balances) as follows (Click the icon to view the book and market values of investments.) On January 1, 2020. York invested cash in an amount equal to the current market value of Hadfield's partnership capital. The partners decided that Hadfield would earn two-thirds of partnership profits because she would manage the business York agreed to accept one-third of profits During the remainder of the year, the partnership earned $282,000. Hadfield's withdrawals were $82,000, and York's withdrawals were 562,000 Required Darance sheer January 1, 2020 Assets Liabilities Investments Hadfield's Current Capital Book Value Market Value Accounts receivable $ 23,000 $ 20.000 51,000 54,000 Total assets Total liabilities and capital 5,500 4.300 Inventory Prepaid expenses Office equipment Accounts payable Requirement 3. Calculate the partners' Capital balances at December 31, 2020 97,000 59.000 49,000 49.000 Use the chart below to calculate the partners' Capital balances. (Round final answers to the nearest whole number.) York and Hadfield Print Done it Quiz