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Ken Kraftman and Sharmila Sajjad wish to add a new partner to their partnership. Ethel...

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Accounting

Ken Kraftman and Sharmila Sajjad wish to add a new partner to their partnership. Ethel Hardachre wants to join, and the current partners decide to give a 22.5% interest in the company, for a cash investment of $33,300. Any bonus/deficit on admitting Ethel will be split by Ken and Sharmila in direct ratio to their capital accounts. Additional information:
Partner equity, Ken
Kraftman: $46,400
Sharmila Sajjad: $32,400.
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