E 16-10 Calculating new partner investment—Nonrevaluation case Capital balances and profit sharing percentages for the partnership of Shin and Miku on January 1, 2016, are as follows:

Shin (64%) $240,000 Miku (36%) 120,000

$360,000 On January 2, 2016, the partners agree to admit Tora into the partnership for a 24 percent interest in capital and profits in the partnership of $100,000. Partnership assets are not to be revalued.

REQuIRED 1. Determine the capital balances of the three partners immediately after the admission of Tora.