Determine the capital balances for Grossman and Casper assuming that Ziegler sells her interest in the partnership under the following independent scenarios. 1. Ziegler sells her interest to Grossman...

Determine the capital balances for Grossman and Casper assuming that Ziegler sells her interest in the partnership under the following independent scenarios.

1. Ziegler sells her interest to Grossman for $160,000, and the price paid is not used to recognize changes in value of recorded net assets of the entity.

2. Ziegler sells her interest to Grossman for $160,000, and the price paid is used to only recognize decreases in value of existing assets.