The ABCD Partnership has the following balance sheet at January 1, 2010, prior to the admission of new partner, Eden. 
Eden acquired a 20% interest in the partnership by contributing a total of $71,500 directly to the other four partners. No goodwill is to be recorded. Profits and losses have previously been split according to the following percentages: Adams, 15%, Barnes, 35%, Cordas, 30%, and Davis, 20%. After Eden made his investment, what were the individual capital balances?
Definitions:
Cooperation
The process of working together towards common goals, often requiring communication, coordination, and compromise among participants.
Morale
The overall sense of well-being, enthusiasm, and satisfaction among members of a group or team.
Cultural
relating to the ideas, customs, and social behaviors of a society or group of people, shaping their way of life and interactions.
Social
Pertaining to society or its organization; relating to the interactions and relationships of individuals within a group.
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