Juanita Gomez and Brandi Toomey have formed the GT Partnership, and have capital balances of $143,000 and $120,000, respectively, on January 1, 2020. On June 1, 2020, Toomey invested an additional $34,000. Also during the year, Gomez withdrew $61,800 and Toomey withdrew $47,600. Sales for the year amounted to $356,000 and expenses were $237,000. Gomez and Toomey share income and losses on a 3:1 basis.