1.Adam, an entrepreneur, started an e-learning business with a personal capital investment of $110,000. He needed more funds and decided to raise money from two of his high-net-worth friends, Bill and Ted for the money. He gave them some ownership of his company, based on their Investment. Adam, Bill and Ted will own the company in the ratio of 12 : 5 : 6. All profits were also agreed to be shared on the ratio of their investments.

a.Calculate Bill's and Ted's investment. (round to the dollar)

b.If the business made a profit of $260,000 in the first year, calculate each partner's share of the profit.

c.In the second year, the three partners decreased their investment by $30,000 each. What is the new partnership ratio with smallest amount to be 1 (2 decimal points)?