the capital balance for maxwell is $110,000 and for russell is $40,000. these two partners share profits and losses 70 percent (maxwell) and 30 percent (russell). evan invests $50,000 in cash into the partnership for a 30 percent ownership. the bonus method will be used. what is russell’s capital balance after evan’s investment? a. $35,000 b. $37,000 c. $40,000 d. $43,000
