Question 4 (3.5 points) At year-end, the Circle City partnership has the following capital balances Manning, Capital: $130,000 Gonzalez, Capital: $110,000 Clark, Capital: $ 80.000 Freeney, Capital: $ 70,000 Profits and losses are split on a 3:3:2:2 basis, respectively. Clark decides to leave the partnership and is paid $90,000 from the business based on the original contractual agreement. If instead the partnership uses the hybrid method (ie, partial revaluation) and further assume that the land held by the partnership is currently worth $30,000 more than its book value, what is Manning's capital balance after Clark withdraws? $140,500 $137.800 $139.000 $137.500