Eddie and Hagar have partner capital balances of $297,000 and $243,000, respectively. Eddie receives 60% of profits

Question:

Eddie and Hagar have partner capital balances of $297,000 and $243,000, respectively. Eddie receives 60% of profits and losses, and Hagar receives 40%. Assume Parker contributes $135,000 to acquire a 25% interest in the new of Eddie, Hagar, and Parker.
Requirements
1. Calculate Parker's capital in the new Journalize the partnership's receipt of cash from Parker?
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...