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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 Caitin, $123,000; Chris, $83,000; 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 Caitin, $123,000; Chris, $83,000; and Molly, S103,000. Paul is admitted to the partnership on July 1 with a 20% equity and invests S63000. The balance in Caitin's capital account immediately after Paul's admission is: Multiple Cholce $123,000 $119,580 $126,420 13 of 17 Next

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