Question: R . James purchases a 2 5 % interest for $ 5 9 0 0 0 when the Hise, Poole, Lagos partnership has total capital

R. James purchases a 25% interest for $59000 when the Hise, Poole, Lagos partnership has total capital of $538200. Prior to the
admission of James, each partner has a capital balance of $179400. Each partner relinquishes an equal amount of his capital balance
James. The amount to be relinquished by Lagos is
$38100.
$30100.
$ 44850.
$74950.
R . James purchases a 2 5 % interest for $ 5 9 0

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