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Mark and Landry are partners who share income and losses in the ratio of 3:2, respectively. On August 31, their capital balances were: Mark, $142000

Mark and Landry are partners who share income and losses in the ratio of 3:2, respectively. On August 31, their capital balances were: Mark, $142000 and Landry, $124000. On that date, they agree to admit Neumark as a partner with a one-third capital interest. If Neumark invests $166000 in the partnership, what is Landry's capital balance after Neumark's admittance? $132800 $124000 $130600 $144000

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