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What is Donovan capital balance after the transaction

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Question - A partnership has the following capital balances with partners' profit and loss percentages indicated parenthetically:

Burks (40%) $160,000

Donovan (30%) 260,000

Watkins (30%) 360,000

Ranzilla agrees to pay a total of $260,000 directly to these three partners to acquire a 25 percent ownership interest from each. The partnership will record goodwill based on the new partner's payment. What is Donovan's capital balance after the transaction?

Reference no: EM133090385

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