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Assume that the Ortiz- Gonzalez partnership, owned by Isaac Ortiz and Mariela Gonzalez, has total capital of $150,000. Edayra Rivera acquires a 35% ownership (capital)

Assume that the Ortiz- Gonzalez partnership, owned by Isaac Ortiz and Mariela Gonzalez, has total capital of $150,000. Edayra Rivera acquires a 35% ownership (capital) interest in the partnership by making a cash investment of $30,000. The procedure of determining Edayra's capital credit and the bonus to the old partners is a follow: a. Determine the total capital of the new partnership. Total capital of existing partnership Investment by new partner, Edayra Total capital of new partnership

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