Assume the Partnership of Howell, Madrid, and Waldrop Has Been

Assume the partnership of Howell, Madrid, and Waldrop has been in existence for a number of years. Howell decides to withdraw from the partnership when the partners' capital balances are as follows: $$\begin{array} { | l | c | c | } \hline \text { Partner } & \begin{array} { l } \text { Capital } \\\text { Balance }\end{array} & \begin{array} { l } \text { Profit and } \\\text { Loss Ratio }\end{array} \\\hline \text { Howell } & \mathbf { \$ 6 0 , 0 0 0 } & 4 \\\hline \text { Madrid } & 15,000 & 3 \\\hline \text { Waldrop } & 25,000 & 2 \\\hline\end{array}$$ An appraisal of the business and its net assets estimates the fair value to be $154,000. Land with a book value of $20,000 has a fair value of $35,000. Howell has agreed to receive $84,000 in exchange for her partnership interest.
What are the remaining partners' capital balances after Howell's interest is dissolved, assuming the goodwill method is applied?