Problem

The capital balance for Messalina is $210,000 and for Romulus is $140,000. These two partn...

The capital balance for Messalina is $210,000 and for Romulus is $140,000. These two partners share profits and losses 60 percent (Messalina) and 40 percent (Romulus). Claudius invests $100,000 in cash in the partnership for a 20 percent ownership. The bonus method will be used. What are the capital balances for Messalina, Romulus, and Claudius after this investment is recorded?

a. $216,000, $144,000. $90,000.

b. $218,000. $142,000, $88,000.

c. $222,000, $148,000, $80,000.

d. $240,000, $160,000, $100,000.

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