To determine the new total capital, we need to calculate the amounts that George and John will contribute to the business after buying Ringo's share.
The total value of Ringo's share of the business is $35,000 + $70,000 = $<<35000+70000=105000>>105,000.
So, the total capital after the transaction is $80,000 (George's capital) + $90,000 (John's capital) + $105,000 (Ringo's share) = $<<80000+90000+105000=275000>>275,000. Answer: \boxed{275,000}.
George, Ringo, and John have capital balances of $80,000, $90,000 and $130,000 respectively when George and John personally agree to buy Ringo’s share of the business. George pays Ringo $35,000 for 1/3 of his equity; John pays Ringo $70,000 for the remainder. Once the transaction has been recorded, the total capital will be
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