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why its wrong? Caitlin, Chris and Molly are partners and share income and losses in a 343 ratio. The partnership's capital balances are Caitlin. $126,000:

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Caitlin, Chris and Molly are partners and share income and losses in a 343 ratio. The partnership's capital balances are Caitlin. $126,000: Chris, $86,000, and Molly, $106,000. Paul is admitted to the partnership on July 1 with a 20% equity and invests $166,000. The balance in Paul's capital account immediately after his admission is: Multiple Choice $96,800 $318.000 $59.200

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