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4. A partner capital account = Contribution of net assets + profit - drawings (withdrawal) Jon contributes $200,000 in capital or 60% of the partnership assets. At the end of the first year, the partnership makes $50,000 and Jon receives a share based on his ownership of assets (60%). He also withdraws $60.000 to buy a new car. What is his capital balance at the end of the year? $160,000 $190.000 $180,000 $170.000 4. Nelson and Jon's Snack Pack partnership is worth $300,000 You want to join but instead of contributing to the partnership you offer to pay them both personally $50,000 for 20%. How much capital do you receive? $60,000 $70,000 $80,000