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On December 31st, a partnership's capital statement reported the following information:
Capital, January 1: $324,000
Additional Investment: $56,000
Drawings: $116,000
Net Income: $184,000
The partnership consists of Partners A,B and C with ending capital balances based on a ratio of 5:2:3. All additional investments and drawings are done at this same ratio.
Problem 1: What are the respective ending balances of the three partners?
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