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