On January 1, Violette invested cash in an amount equal to the current market value of Fernando's partnership capital. The partners decided that Fernando would earn 70 percent of partnership profits because he would manage the business. Violette agreed to accept 30 percent of profits. During the period ended December 31, 2023, the partnership earned $346,000. Violette's withdrawals were $136,000, and Fernando's withdrawals were $185,000