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Compute the ending capital balances of the three partners. (Do not round your intermediate calculations.)

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Total partnership capital at beginning of the year \$159,000;Partnership net income for the year \$129,000;Withdrawals by partners during the year \$69,000;Additional investments by partners during the year \$39,000;There are three partners in Stewart Enterprises: Stewart, Tedder and Armstrong. At the end of the year, the partners' capital accounts were in the ratio of 2:1:2, respectively. Compute the ending capital balances of the three partners. (Do not round your intermediate calculations.);Stewart = \$103,200, Tedder = \$51,600, Armstrong = \$103,200.;Stewart = \$158,400, Tedder = \$79,200, Armstrong = \$158,400. Pick this one (incorrect);Stewart = \$86,000, Tedder = \$86,000, Armstrong = \$86,000.;Stewart = \$51,600, Tedder = \$25,800, Armstrong = \$51,600.;Stewart = \$68,600, Tedder = \$79,200, Armstrong = \$68,600.

Paper#24121 | Written in 18-Jul-2015

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