Peters and Chong Are Partners and Share Equally in Income

Multiple Choice

Peters and Chong are partners and share equally in income or loss.Peters' current capital balance is $140,000 and Chong's is $130,000.Peters and Chong agree to accept Aaron with a 30% interest in the partnership.Aaron invests $98,000 in the partnership.The balances in Peters's and Chong's capital accounts after admission of the new partner equal:

A) Peters $140,000;Chong $130,000.
B) Peters $146,200;Chong $136,200.
C) Peters $145,000;Chong $135,000.
D) Peters $133,800;Chong $123,800.
E) Peters $166,027;Chong $156,027.