The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses in the ratio of 6:2:2, respectively: Cash Other assets $ 46,000 146,000 Liabilities Miller, capital Tyson, capital Watson, capital Total liabilities and capital $ 50,000 63,000 63,000 16,000 Total assets $192,000 $ 192,000 For how much money must the other assets be sold so that each partner receives some amount of cash in a liquidation? Other assets must be sold for an amount less then for an amount over A partnership has the following capital balances: Arlo (50% of gains and losses) Band (30%) Carlyle (20%) $ 96,000 120,000 180,000 David is going to invest $105,000 into the business to acquire a 30 percent ownership Interest. Goodwill is to be recorded. What will be David's beginning capital balance? $150,300 $169,714 $105,000 O $118,800