please solve asap At year-end, the Circle City partnership has the following...
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At year-end, the Circle City partnership has the following capital balances Manning, Capital: $130,000 Gonzalez, Capital: $110,000 Clark, Capital: $80,000 Freeney, Capital: $70,000 Profits and losses are split on a 3:3:2:2 basis, respectively. Clark decides to leave the partnership and is paid $90,000 from the business based on the original contractual agreement. If instead the partnership uses the bonus method, what is the balance of Manning's capital account after Clark withdraws? $130,000$126,250$100,000$133,750
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