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Blue and Black forms a partnership. Blue contributes \\( \\$ 80,000 \\) in cash and Black invests \\( \\$ 30,000 \\) in cash. An equal amount of capital has been assigned to Blue anc Black. Under the goodwill method, which of the following is FALSE regarding the formation of this partnership? The initial capital balance for Blue is \\( \\$ 80,000 \\). The initial capital balance for Black is \\( \\$ 55,000 \\). Total capital balance of the partnership is \\( \\$ 160,000 \\). Goodwill of \\( \\$ 50,000 \\) will be recorded