What are the respective ending balances of three partners

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Question - 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. What are the respective ending balances of the three partners?

Reference no: EM133008541

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