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 amount credited to Aaron's capital account is:

A) $81,000.
B) $102,600.
C) $110,400.
D) $98,000.
E) $114,533.