Answer:
Floyd 43,500
Merriam 12,500
Ramelow 23,000
Explanation:
heir capital account balances as of December 31, 2020 stood as follows: Floyd $ 46,000
Merriam $ 25,000
Ramelow 1/3 interest.
23,000 is the third of the parthnership
23,000 x 3 = 69,000
46,000 + 25,000 + 23,000 = 94,000
loss of 94,000 - 69,000 = 25,000
distributed equally among the members:
Floyd 46,000 - 25,000 / 2 = 43,500
Merriam 25,000 - 25,000 / 2 = 12,500
