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Caitlin, Chris, and Molly are partners and share income and losses in a 3 : 4 : 3 ratio ( in ratio form: Caitlin, 3

Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio (in ratio form: Caitlin, 3/10; Chris, 4/10; Molly, 3/10). The partnerships capital balances are Caitlin, $137,000; Chris, $97,000; and Molly, $117,000. Paul is admitted to the partnership on July 1 with a 20% equity and invests $177,000. The balance in Caitlins capital account immediately after Pauls admission is:
a
$177,000
b
$158,420
c
$125,560
d
$138,420
e
$115,580

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