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Malcolm has a capital balance of $62,000 after adjusting to fair market value. Celeste contributes $36,800 to receive a 25% interest in a new partnership

Malcolm has a capital balance of $62,000 after adjusting to fair market value. Celeste contributes $36,800 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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