Louisa Santiago purchases 50% of Leo Lemon’s capital interest in the K & L partnership for $22,000. If the capital balance of Kate Kildare and Leo Lemon are $43,000 and $36,000, respectively,...

Louisa Santiago purchases 50% of Leo Lemon’s capital interest in the K & L partnership for $22,000. If the capital balance of Kate Kildare and Leo Lemon are $43,000 and $36,000, respectively, Santiago’s capital balance following the purchase is: *3 points$22,000$18,000$20,000$15,000

May 26, 2022
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