Mace and Bowen Are Partners and Share Equally in Income

Multiple Choice

Mace and Bowen are partners and share equally in income or loss. Mace's current capital balance is $135,000 and Bowen's is $120,000. Mace and Bowen agree to accept Kent with a 30% interest in the partnership. Kent invests $115,000 in the partnership.
- The amount credited to Kent's capital account is:

A) $115,000.
B) $92,500.
C) $120,000.
D) $111,000.
E) $119,000.