On December 31, 2011, the total partnership capital (assets less liabilities) for the Bir, Cag, and Den partnership is $186,000. Selected information related to the pre-closing capital balances follows:
| Bir Capital | Cag Capital | Den Capital | Total Capital |
Balance January | 1 $60,000 | $45,000 | $70,000 | $175,000 |
Investments 2011 |
| 10,000 | 10,000 | 20,000 |
Withdrawals 2011 | (15,000) |
| (15,000) | (30,000) |
Drawings 2011 | (5,000) | (5,000) | (5,000) | (15,000) |
| $40,000 | $50,000 | $60,000 | $150,000 |
REQUIRED: Prepare a statement of partnership capital for the Bir, Cag, and Den partnership at year-end
2011, assuming that no specific profit- or loss-sharing agreement exists.
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