Question - The following information is available on TGR Enterprises, a partnership, for the most recent fiscal year:
Total partnership capital at beginning of the year $177,000
Partnership net income for the year $147,000
Withdrawals by partners during the year $87,000
Additional investments by partners during the year $57,000
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.