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 balances in Mace's and Bowen's capital accounts after admission of the new partner equal:

A) Mace $135,000;Bowen $120,000.
B) Mace $137,000;Bowen $122,000.
C) Mace $133,000;Bowen $118,000.
D) Mace $139,000;Bowen $120,000.
E) Mace $135,000;Bowen $124,000.