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Jim and June are in a partnership with a profit-sharing ratio of 30 percent and 70 percent, respectively. Jim has a capital balance of $3,000,000
"Jim and June are in a partnership with a profit-sharing ratio of 30 percent and 70 percent, respectively. Jim has a capital balance of $3,000,000 and June has a capital balance of $2,500,000. The partners agree to admit Tim into the partnership for a 48 percent interest with an investment of $6,000,000. What is the capitals of June after the assets of the partnership are revalued?"
"$1,000,000 "
"$700,000 "
"$3,200,000 "
"$3,300,000 "
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