The Following Information Is Available on TGR Enterprises,a Partnership,for the Most

The following information is available on TGR Enterprises,a partnership,for the most recent fiscal year:
$\begin{array}{ll}\text { Total partnership capital at beginning of the year } & \$ 180,000 \\\text { Partnership net income for the year } & \$ 150,000 \\\text { Withdrawals by partners during the year } & \$ 120,000 \\\text { Additional investments by partners during the year } & \$ 60,000\end{array}$

There are three partners in TGR Enterprises: Tracey,Gregory and Rodgers.At the end of the year,the partners' capital accounts were in the ratio of 2:1:2,respectively.Compute the ending capital balances of the three partners.

A) Tracey = $108,000; Gregory = $54,000; Rodgers = $108,000.
B) Tracey = $90,000; Gregory = $90,000; Rodgers = $90,000.
C) Tracey = $204,000; Gregory = $102,000; Rodgers = $204,000.
D) Tracey = $84,000; Gregory = $102,000; Rodgers = $84,000.
E) Tracey = $60,000; Gregory = $30,000; Rodgers = $60,000.

Correct Answer:

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