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

The following information is available on PDC Enterprises,a partnership,for the most recent fiscal year:
$$\begin{array} { l l } \text { Total partnership capital at beginning of the year } & \$ 1,080,000 \\\text { Partriership net income for the year } & \$ 1,250,000 \\\text { Withdrawals by partners during the year } & \$ 320,000 \\\text { Additional investrnents by partners during the year } & \$ 70,000\end{array}$$
There are three partners in TGR Enterprises: Pearson,Darling and Cathay.At the end of the year,the partners' capital accounts were in the ratio of 2:2:1,respectively.Compute the ending capital balances of Cathay.

A) $466,000.
B) $402,000.
C) $416,000.
D) $544,000.
E) $388,000.

Correct Answer:

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