Smith, West, and Krug form a partnership. Smith contributes $180,000, West contributes $150,000, and Krug contributes $270,000. Their partnership agreement calls for the income or loss division to be based on the ratio of capital invested. If the partnership reports income of $173,000 for its first year, what amount of income is credited to Krug's capital account? (Do not round your intermediate calculations.) a. $51,900. b.$77,850. c.$57,667. d.$59,400. e.$43,250. Collins and Farina are forming a partnership. Collins is investing a building that has a market value of $93,000. However, the building carries a $43,000 mortgage that will be assumed by the partnership. Farina is investing $47,000 cash. The balance of Collins' Capital account will be: a. $50,000. b.$46,000. c.$93,000. d.$97,000. e.$43,000. Badger and Fox are forming a partnership. Badger contributes a building that has a market value of $344,000; the partnership assumes responsibility for a $122,000 note secured by a mortgage on the property. Fox invests $97,000 in cash and equipment that has a market value of $72,000. For the partnership, the amounts recorded for the building and for Badger's Capital account are: a. Building $344,000; Badger, Capital $291,000. b.Building $222,000; Badger, Capital $122,000. c.Building $344,000; Badger, Capital $344,000. d.Building $344,000; Badger, Capital $222,000. e.Building $222,000; Badger, Capital $222,000