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Donald and Smita have partnership capital account balances of $ 1 0 5 3 0 0 0 and $ 7 8 5 0 0 0

Donald and Smita have partnership capital account balances of $

1053000

and $

785000,

respectively and share profits and losses equally. Sierra is admitted to the partnership by investing $

448000

for a one

-

fourth ownership interest. The balance of Smita's Capital account after Sierra is admitted is

846750 .

571500 .

785000 .

723250 .

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