Question: Peer has $ 1 0 6 , 0 0 0 capital and Haye has $ 7 4 , 0 0 0 capital in the Peer

Peer has $106,000 capital and Haye has $74,000 capital in the
Peer has $106,000 capital and Haye has $74,000 capital in the Peer & Haye partnership. Peer and Haye share profits and losses equally. Todd Parker contributes cash of $60,000 to acquire a 14 interest in the new partnership.
Requirements
Calculate Parker's capital in the new partnership.
Journalize the partnership's receipt of the $60,000 from Parker.
Peer & Haye partnership. Peer and Haye share profits and losses equally.

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