13.
The capital accounts of Harrison and Marti have balances of$160,000 and $110,000, respectively, on January 1, the beginning ofthe current fiscal year. On April 10, Harrison invested anadditional $20,000. During the year, Harrison and Marti withdrew$96,000 and $78,000, respectively, and net income for the year was$264,000. The articles of partnership make no reference to thedivision of net income.
Based on this information, the statement of partners' equity wouldshow what amount as total capital for the partnership on December31?
a.$52,000
b.$164,000
c.$216,000
d.$380,000
