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Malcolm has a capital balance of $52,400 after adjusting to fair market value. Celeste contributes $45,600 to receive a 25% interest in a new partnership

Malcolm has a capital balance of $52,400 after adjusting to fair market value. Celeste contributes $45,600 to receive a 25% interest in a new partnership with Malcolm. Determine the following: Celeste's equity after admission $ Bonus paid to Malcolm $

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