In the AD partnership, Allen's capital is $140,000 and Daniel's is $40,000 and they share income in a 3:1 ratio, respectively. They decide to admit David to the partnership. Each of the following questions is independent of the others.Refer to the information provided above. David invests $40,000 for a one-fifth interest in the total capital of $220,000. What are the capital balances of Allen and Daniel after David is admitted into the partnership? AllenDanielA)$160,000 $60,000 B)$136,000 $36,000 C)$140,000 $40,000 D)$137,000 $39,000
A. Option A
B. Option B
C. Option C
D. Option D
Answer: D
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