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In the GMP partnership (to which Elan seeks admittance), the capital balances of Mary, Gene, and Pat, who share income in the ratio of 6:3:1,

In the GMP partnership (to which Elan seeks admittance), the capital balances of Mary, Gene, and Pat, who share income in the ratio of 6:3:1, are

Mary $252,000

Gene $126,000

Pat $42,000

A If no goodwill or bonus is recorded, how much must Elan invest for a one-third interest?

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