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. David invests $40,000 for a one-fifth interest in the total capital of $220,000. What are the capital balances of Allen and Daniel after David is admitted into the partnership? 
Definitions:
Net Loss
The result when a company's total expenses exceed its total revenues during a specific period, indicating a negative profit.
Break-Even Point
The point at which total costs and total revenues are exactly equal, resulting in no net profit or loss for a business.
Net Operating Income
The income from a company's primary business operations, excluding deductions of interest and taxes.
Fixed Expenses
Costs that do not change with the level of production or sales over a short period of time, such as rent or salaries.
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