Tina Ward decided to withdraw from a partnership in which she had a 40% interest in profits and losses. This event resulted in the recognition of goodwill and a $100,000 payment to Ward in final settlement. The sum of the partners capital balances before recognition of goodwill and the withdrawal of Ward was $200,000. After the withdrawal of Ward, the sum of the partners capital balances (excluding goodwill) was $120,000. What was the total goodwill?

		$200,000
		$120,000
		$50,000
		$20,000