Pelletier has $107,000 capital and Haymer has $55,000 capital in the Pelletier & Haymer…

Pelletier has $107,000 capital and Haymer has $55,000 capital in the Pelletier & Haymer partnership. Pelletier and Haymer share profits and losses equally. Todd Parker contributes cash of $54,000 to acquire a 1/4 interest in the new partnership. Requirements 1. Calculate Parker s capital in the new partnership. 2. Journalize the partnership s receipt of the $54,000 from Parker.