The capital account balances for Donald & Hanes LLP on January 1, 2018, were as follows: Donald, capital$200,000Hanes, capital 100,000??Donald and Hanes shared net income and losses in the ratio of 3:2, respectively. The partners agreed to admit May to the partnership with a 35% interest in partnership capital and net income. May invested $100,000 cash, and no goodwill was recognized.?What is the balance of Donald's capital account after the new partnership is created?
A. $140,000.
B. $ 84,000.
C. $200,000.
D. $100,000.
E. $176,000.
Answer: E
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