In the AD partnership, Allen's capital is $140,000 and Daniel's is $40,000 and they share income in a 3:1 ratio, respectively. They decide to admit David to the partnership. Each of the following questions is independent of the others.
-Refer to the information provided above. Allen and Daniel agree that some of the inventory is obsolete. The inventory account is decreased before David is admitted. David invests $40,000 for a one-fifth interest. What are the capital balances of Allen and Daniel after David is admitted into the partnership? 
Definitions:
Null Hypothesis
A default hypothesis that there is no effect or no difference, and it is subjected to a test to determine the likelihood of its accuracy.
P-Value
The probability that the observed results happened by chance if the null hypothesis of a study is true.
Age Groups
Categories of populations divided according to age to simplify analysis and understanding of demographic information.
Pooled Estimator
A statistical method that combines estimates from different sources or samples to arrive at a more accurate or comprehensive estimate.
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