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Mace and Bowen are partners and share equally in income or loss. Mace's current capital balance is $159,000 and Bowen's is $140,000. Mace and Bowen
Mace and Bowen are partners and share equally in income or loss. Mace's current capital balance is $159,000 and Bowen's is $140,000. Mace and Bowen agree to accept Kent with a 30% interest in the partnership. Kent invests $139,000 in the partnership. The amount credited to Kents capital account is:
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