The capital balances of Slick, Partnership were as follows:

Senior Slick, Cap$50,000

Middle Slick, Cap35,000

Junior Slick, Cap15,000

Junior Slick was such a pain to the other two older partners that they decided to remove him from the partnership.He was given $13,000 in cash and a company car.The vehicle had a fair market value of $5,000; a book value on the partnership books of $3,000; and a tax value of zero.

Please make the appropriate entry.