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Mace and Bowen are partners and share equally in income or loss. Mace's current capital balance is $162,000 and Bowen's is $142,500. Mace and Bowen

Mace and Bowen are partners and share equally in income or loss. Mace's current capital balance is $162,000 and Bowen's is $142,500. Mace and Bowen agree to accept Kent with a 30% interest in the partnership. Kent invests $142,000 in the partnership. The balances in Mace's and Bowen's capital accounts after admission of the new partner equal:

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  • Mace $166,025; Bowen $146,525.

  • Mace $170,050; Bowen $142,500.

  • Mace $162,000; Bowen $150,550.

  • Mace $157,975; Bowen $138,475.

  • Mace $162,000; Bowen $142,500.

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