Van and Shapiro formed a partnership. As part of the formation, Van contributed equipment whose cost to her was $60,000, with accumulated depreciation for tax purposes of $36,000. The partnership awarded her $40,000 towards her partnership interest for the equipment. The partnership assumed $10,000 of Shapiro's personal debts when she was admitted into the partnership After one year of operation, the partnership had the following partial trial balance: Debit Credit 70,000 95,000 Van, Capital Shapiro, Capital Van, Withdrawals Shapiro, Withdrawals Service Revenue Salaries Expense (to employees) Rent Expense Supplies Expense Other Operating Expenses 15,000 14,000 300,000 100,000 36,000 28,000 15,000 Partners split profits as follows: (1) A salary of $30,000 is paid to Van. Remaining profits (or losses) are split 40% to Van, the remainder to Shapiro. Required: Calculate the two partners' ending capital balances