The statement of changes in partnership equity for PQR Partners is shown below

a. What was the income-sharing ratio in 2015?
b. What was the income-sharing ratio in 2016?
c. How much cash did Randy Reed contribute to PQR Partners for his interest?
d. Why do the partner capital accounts of Pat Peters and Jessie Quan have positive entries for Randy Reed's contribution?
e. What percentage interest of PQR Partners did Randy Reed acquire?

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PQR Partners Statement of Changes in Partnership Equity For the Years Ended December 31, 2015 and 2016 Total Pat Peters, Jessie Quan, Randy Reed, Partnership Capital Capital $450,000 Capital $310,000 Capital Balance, Jan. 1, 2015 Net income for 2015 Balance, Dec. 31, 2015 Reed contribution Net income for 2016 Less partner withdrawals Balance, Dec. 31, 2016 $ 760,000 300.000 1,060,000 290,000 400,000 540,000 520,000 14,000 220,000 (48,000) $270,000 6,000 100.000 (32.000) 80,000 (50,000) $300,000 (130,000) $1.620.000 $614.000 $706.000