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The ABCD Partnership has the following balance sheet at January 1, 2010, prior to the admission of new partner, Eden. Cash adn current assets 39,000

The ABCD Partnership has the following balance sheet at January 1, 2010, prior to the admission of new partner, Eden. Cash adn current assets 39,000 liabilities 52,000

land 234,000 adams, capital 26,000

building and equipment 130,000 barnes, capital 52,000

cordas, capital 117,000

davis, capital 156,000

total 403,000 total 403,000

Eden contributed $124,000 in cash to the business to receive a 20% interest in the partnership. Goodwill was to be recorded. The four original partners shared all profits and losses equally. After Eden made his investment, what were the individual capital balances?

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