Thomas and Catherine have a regular partnership. Thomas paid $320,000 to acquire some office space for the business, and Catherine paid $102,000 to acquire some equipment for the business. Both purchases were done without the other partners consent but both were appropriate for the business. Both purchases were funded by one-year loans from the same bank. After two years of business, Thomas and Catherine had only been able to pay the interest on the loans and not any of the principal. Therefore, the bank sued them to regain their money. How much would Thomas need to pay the bank, assuming Catherine was able to pay all of what she owed? $320,000 $422,000 $102,000 $211,000

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