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Not yet answered Marked out of 1.00 Flag question Elton and Don are partners who share profits and losses in the ratio of 73, respectively.

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Not yet answered Marked out of 1.00 Flag question Elton and Don are partners who share profits and losses in the ratio of 73, respectively. On November 5,2011. their respective capital accounts were as follows: Elton $ 70,000, Don 60,000, total capital of 130.000. On that date they agreed to admit Kravitz as a partner with a one-third interest in the capital and profits and losses upon his investment of $50,000. The new partnership will begin with a total capital of $180.000. Immediately after Kravitz's admission, what are the capital balances of Elton, Don, and Kravitz, respectively? (LO #6) Select one: a. $70,000 $60,000, $50,000 b. $63,000,$57,000, $60,000 C. $60,000, $60,000, $60,000 d. $63,333, $56,667, $60,000

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