A partnership has the following capital balances:
| Carpenter (40% of gains and losses) . . . . . . . . . . . . | $ | 140,000 | |
| Dane (30%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 280,000 | ||
| Elkhart (30%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 340,000 |
Krystal is going to pay a total of $240,000 directly to these three partners to acquire a 25 percent ownership interest from each. Goodwill is to be recorded. What is Dane’s capital balance after the transaction?
a. $210,000 .
b. $255,000 .
c. $340,000 .
d. $352,000 .
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