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P and R are partners that share income in the ratio of 3:2. Their capital balances are $80,000 and $120,000, respectively. The Income Summary account

P and R are partners that share income in the ratio of 3:2. Their capital balances are $80,000 and $120,000, respectively. The Income Summary account has a credit balance of $40,000. What will be P's capital balance after closing Income Summary into the capital account

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