Griffin, Michelson, and Lowell, a partnership, is considering admitting Young as a new partner. On July 31, 2024, the capital accounts of the three existing partners and their profit-and-loss-sharing ratio are as follows: (Click the icon to view the partners' capital accounts and their profit-and-loss-sharing ratio.) Re Data table Re 210,000 cash to purchase Lowell's interest. (Record debits first, then Capital Profit-and-Loss Sharing % cr Griffin 52,500 20% Credit Michelson 105,000 25% Lowell 157,500 55% Re /D Print Done 105,000 to the partnership, acquiring a 1/4 interest in the business.