Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their computer lines and decide to admit Wayne to the partnership. They share income in a ratio of 3:2.

Debra	$ 190,000
Merina	152,000

Problem 15-11 (Algo) Part eRequired:

e. Wayne directly purchases a 25 percent interest by paying Debra $86,000 and Merina $53,000. The land account is increased before Wayne is admitted.