Question
Chase and Hatch are partners and share equally in income or loss. Chases current capital balance is $189,000 and Hatchs is $165,000. Chase and Hatch agree to accept Flax with a 30% interest in the partnership. Flax invests $169,000 in the partnership. The amount credited to Flaxs capital account is:$165,000.$156,900.$169,000.$138,000.$201,100.