Tanner,Schmidt,and Hayes Are Partners with Capital Account Balances of $100,000,$120,000,and

Multiple Choice

Tanner,Schmidt,and Hayes are partners with capital account balances of $100,000,$120,000,and $96,000 respectively.They share profits and losses in a 3:4:3 ratio.Schmidt wishes to leave the partnership and will be paid $125,000.What are the remaining capital account balances after Schmidt withdraws?

A) Tanner $95,500; Hayes $95,500.
B) Tanner $102,500; Hayes $98,500.
C) Tanner $100,000; Hayes $96,000.
D) Tanner $97,500; Hayes $93,500.
E) Tanner $100,000; Hayes $91,000.