The E.N.D. partnership has the following capital balances as of the end of the current year:

PinedaAdamsFergieGomez Total capital$ 150,000 |

130,000 |

120,000 |

110,000 |

$ 510,000 |

Answer each of the following *independent* questions:

### Required:

- Assume that the partners share profits and losses 3:3:2:2, respectively. Fergie retires and is paid $160,000 based on the terms of the original partnership agreement. If the goodwill method is used, what is the capital balance of the remaining three partners?
- Assume that the partners share profits and losses 4:3:2:1, respectively. Pineda retires and is paid $285,000 based on the terms of the original partnership agreement. If the bonus method is used, what is the capital balance of the remaining three partners?Note: Do not round your intermediate calculations. Round your final answers to the nearest dollar amounts.