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Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio. The partnerships capital balances are Caitlin, $133,000; Chris, $93,000; and

Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio. The partnerships capital balances are Caitlin, $133,000; Chris, $93,000; and Molly, $113,000. Paul is admitted to the partnership on July 1 with a 20% equity and invests $173,000. The balance in Caitlins capital account immediately after Pauls admission is:

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$111,820

$173,000

$154,180

$121,240

$134,180

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