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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, $125,000; Chris, $85,000; and

Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio. The partnership's capital balances are Caitlin, $125,000; Chris, $85,000; and Molly, $105,000. Paul is admitted to the partnership on July 1 with a 15% equity and invests $165,000. The balance in Paul's capital account immediately after his admission is:

$480,000

$72,000

$315,000

$93,000

$165,000

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