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Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio. The partnership's capital balances are Caitlin, $128,000; Chris, $88,000; and

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Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio. The partnership's capital balances are Caitlin, $128,000; Chris, $88,000; and Molly, $108,000. Paul is admitted to the partnership on July 1 with a 15% equity and invests $68,000. The balance in Paul's capital account immediately after his admission is: Multiple Choice $58,800 $176,000 $97,200 $324,000

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