8. If a partner is contributing attributes to a partnership such as an established clientele or a particular expertise, what two methods can be used to record the contribution? Describe each method. 11. A partnership begins its first year of operations with the following capital balances: Winston, Capital $110,000 Durham, Capital 80,000 Salem, Capital 110,000 According to the articles of partnership, all profits will be assigned as follows: Winston will be awarded an annual salary of $20,000 with $10,000 assigned to Salem. The partners will be attributed interest equal to 10 percent of the capital balance as of the first day of the year. The remainder will be assigned on a 5:2:3 basis, respectively. Each partner is allowed to withdraw up to $10,000 per year. The net loss for the first year of operations is $20,000, and net income for the subsequent year is $40,000. Each partner withdraws the maximum amount from the business each period. What is the balance in Winston's capital account at the end of the second year? a. $102,600 b. $104,400 c. $ 108,600 1nnnnn