The Second Wind partnership has the following capital balances at the end of the year: Dean 180,000 Ed 320,000 Ben 120,000 Dan 150,000 The partners share profits and losses 3:3:2:2, respectively. Dan retired and based on the partnership agreement was paid $200,000. Under the goodwill method, what are the capital balances of the remaining partners?

Dean 255,000; Ed 395,000; Ben 195,000;

Dean 255,000; Ed 395,000; Ben 170,000;

Dean 161,250; Ed 301,250; Ben 107,500;

Dean 198,750; Ed 338,750; Ben 132,500;

None of the answers is correct

The partners share profits and losses 3:3:2:2, respectively. Dan retired and based on the partnership agreement was paid $200,000. Under the Bonus method, what are the capital balances of the remaining partners?

		Dean 255,000; Ed 395,000; Ben 195,000;
		Dean 255,000; Ed 395,000; Ben 170,000;
		Dean 161,250; Ed 301,250; Ben 107,500;
		Dean 198,750; Ed 338,750; Ben 132,500;
		None of the answers is correct