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Capital balances in Pelmar Co. are Lango $41,700, Oslo $32,800, and Fernetti $18,900. Lango and Oslo each agree to pay Fernetti $10,200 from their personal

Capital balances in Pelmar Co. are Lango $41,700, Oslo $32,800, and Fernetti $18,900. Lango and Oslo each agree to pay Fernetti $10,200 from their personal assets. Lango and Oslo each receive 50% of Fernettis equity. The partners share income equally.

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