Partnerships-Formation, Operations, and Changes in Ownershi E16-6 Partnership income allocation-Assignment of interest to a third party tal balances and profit- and loss-sharing ratios of the partners in the BIG Entertainment Galley are as follows: Ben capital (50%) Irv capital (30%) Geo capital (20%) $900,000 680,000 500,000 $2,080,000 Total Ben needs money and agrees to assign half of his interest in the partnership to Pet for $280,000 cash. Pet pays REQUIRED Wha s the total capital of the BIG partnership immediately after the assignment of the interest to Petr? $280,000 directly to Ben 1. Pre Frepare a journal entry to record the assignment of half of Ben's interest in the partnership to Pet