A market research company is investigating political preferences in a province. In their survey, they asked 700 residents about their political preferences. The results suggest that 200 residents prefer Party A, 400 prefer Party B, and 100 prefer Party C. Conduct a Goodness of Fit Test in the space below for the null hypothesis: p_A = 0.20, p_B = 0.30, p_C = 0.50. Use a level of significance of 5%. Show all your work in the space below; correct by unsupported answers will be assigned a score of zero. Provide a verbal conclusion of your findings.