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Check my world Purkerson, Smith, and Traynor have operated a bookstore for a number of years as a partnership. At the beginning of 2018, capital balances were as follows: Purkerson Smith Traynor $ 64,000 44,00 20, eee Due to a cash shortage. Purkerson invests an additional $4,000 in the business on April 1. 2018. Each partner is allowed to withdraw $500 cash each month The partners have used the same method of allocating profits and losses since the business's inception: Each partner is given the following compensation allowance for work done in the business: Purkerson, $11.000: Smith, $27,000 and Traynor. $4.000. Each partner is credited with interest equal to 20 percent of the average monthly capital balance for the year without regard for normal drawings . Any remaining profit or loss is allocated 4:2:4 to Purkerson. Smith and Traynor, respectively. The net income for 2018 is $40.000 Each partner withdraws the allotted amount each month What are the ending capital balances for 2018? Help Save & E Chec Due to a cash shortage, Purkerson invests an additional $4,000 in the business on April 1, 2018 Each partner is allowed to withdraw $500 cash each month. The partners have used the same method of allocating profits and losses since the business's inception Each partner is given the following compensation allowance for work done in the business: Purkerson, $11000. Smith. $27000, and Traynor, $4,000. Each partner is credited with interest equal to 20 percent of the average monthly capital balance for the year without regard for normal drawings. Any remaining profit or loss is allocated 42:4 to Purkerson, Smith, and Traynor, respectively. The net income for 2018 is $40,000. Each partner withdraws the allotted amount each month. What are the ending capital balances for 2018? Ending Car Balances Capital Purkerson Smith Traynor Totalss