Sarah and Emily are co-owners of a bakery. Sarah initially invested ?180,000, while Emily invested...
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Accounting
Sarah and Emily are co-owners of a bakery. Sarah initially invested ?180,000, while Emily invested ?220,000. During the year, Sarah and Emily invested an additional ?25,000 and ?35,000, respectively. The bakery incurred a net loss of ?20,000, which is to be shared according to their original capital contributions. Determine the ending capital balances for Sarah and Emily.
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