Effective August $1,20$x$1,$ Xian and Kim agreed to form a partnership from their two

respective proprietorships. The Statement of Financial Position presented below

reflect the financial position of both proprietorships as of July $31,20$x$1$: As of

August $1,20$x$1,$ the fair value of Xian's assets was: Merchandise Inventory,

$324,000$; Store Equipment, $180,000$; Building: $3,000,000$; and Land, $120,000.$ For

Kim, the fair value of the assets on the same date were: Merchandise Inventory,

$540,000$; Store Equipment, $78,000$; Prepaid Rent, $0.$ All other items on the two

balance sheets were stated at their fair values.

Xian

Cash

Accounts Receivable

Merchandise Inventory

Prepaid Rent

Store Equipment

Accumulated Depreciation $-$ Store Equipment

Building

Accumulated Depreciation Building

Land

Totals

Accounts Payable

Mortgage Payable

$$

$480,000$

$(180,000)$

$1,500,000$

$(300,000)$

$720,000$

$2,784,000$

$90,000$

$108,000$

$$

$24,000$

$144,000$

$396,000$

Kim

$60,000$

$84,000$

$504,000$

$48,000$

$360,000$

$(216,000)$

$840,000$

$36,000$

How much bonus will be given to$/$from Kim if the partners agree to have capital

credited at $4$:$1$ proportion?

a$.138,000$ bonus given to Kim

b$.138,000$ bonus given from Kim

c$.150,000$ bonus given to Kim

d$.120,000$ bonus given to Xian