In the LMN Partnership,Lynn's Capital Is $60,000,Marty's Is $80,000,and Nancy's

Multiple Choice

In the LMN partnership,Lynn's capital is $60,000,Marty's is $80,000,and Nancy's is $70,000.They share income in a 4:3:3 ratio,respectively.Nancy is retiring from the partnership.Each of the following questions is independent of the others.
-Refer to the above information.Nancy is paid $76,000,and all implied goodwill is recorded.What is the total amount of goodwill recorded?

A) $20,000
B) $14,000
C) $6,000
D) $0