The ABCD Partnership has the following balance sheet at January 1,2012, prior to the admission of new partner, Eden. 3. Cash and curent assets $ 39,000 Land Building and equipment130,000 s $2,000 26,000 52,000 117,000 156,000 $ 403,000 Lisbilities 234,000 Adams, oapital Bames, capital Cordas, capital Davis, oapi Total 403,000 Total Eden contributed $124,000 in cash to the business to receive a 20% interest in the partnership. Goodwill was to be recorded. The four original partners shared all profits and losses equally. After Eden made his investment, what were the individual capital balances? 4. Ben and Savanah are partners operating a consulting business. For 2014, net income was $188,000. Ben and Savanah have salary allowances of $75,000 and $60,000, respectively, and remaining profits and losses are shared 3:2. Determine what/how the net income of $188,000 should be divided