In the JK Partnership, Jacob's Capital Is $140,000, and Katy's

Short Answer

In the JK partnership, Jacob's capital is $140,000, and Katy's is $40,000. They share income in a 3:2 ratio, respectively. They decide to admit Erin to the partnership. Each of the following questions is independent of the others.
-Refer to the information provide above.Erin invests $50,000 for a one-fifth interest in the total capital of $230,000.What are the capital balances of Jacob and Katy after Erin is admitted into the partnership?