P 16-1 Partnership income allocation-Statement of partnership capital Ell, Far, and Gar are partners who share profits and losses 30 percent, 30 percent, and 40 percent, respectively, after Ell and Far each receive a $32,000 salary allowance. Capital balances on January 1,2016, are as follows: During 2016, Gar invested an additional $20,000 in the partnership, and Ell and Far each withdrew $32,000, equal to their salary allowances as provided by the profit- and loss-sharing agreement. The partnership net assets at December 31,2016 , were $481,000. Required Prepare a statement of partnership capital for the year ended December 31, 2016