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Travis, Jennifer, and Henry have partnership capital account balances of $150000, 8300000 and $70000, respectively. The profit sharing ratio is Travis, 50KJennifer, 40%; and Henry,
Travis, Jennifer, and Henry have partnership capital account balances of $150000, 8300000 and $70000, respectively. The profit sharing ratio is Travis, 50KJennifer, 40%; and Henry, 10%. Travis wishes to withdraw from the partnership and its agreed that partnership assets of $120000 will be used to pay Travis for her partnershipinterest. The balances of Jennifer's and Henry's Capital accounts after Travis's withdrawal would be Jennifer, 5276000. Henry $64000 Jennifer, 5300000; Henry 570000 O Jennifer, $324000, Henry. 576000 Jennifer $285000: Henry $55000
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