Gore and Dean share partnership profits and losses in the ratio of 6:4. Gore's Capital account balance is $320,000 and Dean's Capital account balance is $200,000. Naylor is admitted to the partnership by investing $360,000 and is to receive a one-fourth ownership interest. Gore, Dean and Naylor's capital balances after Naylor's investment will be 
Definitions:
Lewis Structures
Diagrams that show the bonding between atoms of a molecule and the lone pairs of electrons that may exist in the molecule, illustrating the valence electron arrangements.
Nitric Acid
A highly corrosive and toxic strong acid with the formula HNO3, used in the production of fertilizers, explosives, and in various nitration processes.
Formal Charges
The assignment of a charge to an atom within a molecule based on the assumption that electrons in chemical bonds are evenly distributed amongst atoms.
Lewis Structure
A diagram showing the bonding between atoms of a molecule and the lone pairs of electrons that may exist in the molecule.
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