Please show all work (if answer and working notes can be done in Word it would be greatly appreciated!)

3. In the ABC partnership (to which Daniel seeks admittance), the capital balances of Albert, Bert, and Connell, who share income in the ratio of 5:3:2 are: Albert $500,000 Bert 300,000 Connell 200,000 Required: Based on the preceding information, what amount of goodwill will be recorded if Daniel invests $450,000 for a one-third interest? (8 points)