Nick, Alan, and Tim are partners who share profits 40%, 20%, and 40%. Their capital balances were $630,000, $420,000, and $210,000, respectively, before Tim's retirement. Tim was paid $270,000 from partnership assets to buy his interest.
Instructions
Compute the capital balances of Nick and Alan after Tim has withdrawn.

Question

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The Answer of Nick, Alan, and Tim are partners who share profits 40%, 20%, and 40%. Their capital balances were $630,000, $420,000, and $210,000, respectively, before Tim's retirement. Tim was paid $270,000 from partnership assets to buy his interest.
Instructions
Compute the capital balances of Nick and Alan after Tim has withdrawn.

Nick, Alan, and Tim Are Partners Who Share Profits 40