Caitlin- Chris- and Molly are partners and share income and losses in.pdf

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Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio. The partnership's capital balances are Caitlin, $129,000; Chris, $89,000; and Molly, $109,000. Paul is admitted to the partnership on July 1 with a 20% equity and invests $169,000. The balance in Caitlin's capital account immediately after Paul's admission is: $169,000 $116,920 $129,940 $149,940 $108,060.

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