On june 30, the balance sheet for the partnership of williams, brown and lowe, together with their respective profit and loss ratios, was as follows:
assets, at cost $300,000
williams, loan $ 15,000
williams, capital (20%) 70,000
brown, capital (20%) 65,000
lowe, capital (60%) 150,000
total $300,000
williams has decided to retire from the partnership and by mutual agreement the assets are to be adjusted to their fair value of $360,000 at june 30. it was agreed that the partnership would pay williams $102,000 cash for his partnership interest exclusive of his loan which is to be repaid in full. no goodwill is to be recorded in this transaction. after william's retirement, and before the loan is repaid, what are the capital account balances of brown and lowe, respectively?
a. $65,000 and $150,000
b. $72,000 and $171,000
c. $73,000 and $174,000
d. $77,000 and $186,000