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The following information is available on TGR Enterprises, a partnership, for the most recent fiscal year: Total partnership capital at beginning of the year Partnership
The following information is available on TGR Enterprises, a partnership, for the most recent fiscal year: Total partnership capital at beginning of the year Partnership net income for the year Withdrawals by partners during the year Additional investments by partners during the year $177,000 $147,000 $ 87,000 $ 57,000 There are three partners in TGR Enterprises: Tracey, Gregory and Rodgers. At the end of the year, the partners' capital accounts were in the ratio of 2:1:2, respectively. Compute the ending capital balances of the three partners. Multiple Choice Tracey = $58,800; Gregory = $29,400; Rodgers = $58,800. Tracey = $187,200; Gregory = $93,600; Rodgers = $187,200. o Tracey = $117,600; Gregory = $58,800; Rodgers = $117,600. o Tracey = $81,800; Gregory = $93,600; Rodgers = $81,800. o o Tracey = $98,000; Gregory = $98,000; Rodgers = $98,000
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