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A partnership has the following capital balances: Arlo (50% gaines and losses) $60,000 Band (30%) 70,000 Carlyle (20%) 140,000 David is going to invest $51,000

A partnership has the following capital balances: Arlo (50% gaines and losses) $60,000 Band (30%) 70,000 Carlyle (20%) 140,000 David is going to invest $51,000 into the business to acquire 30 percent ownership interest. Goodwill is to be recorded. What will be David's beginning capital balance

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