Donald, Anne, and Todd have the following capital balances; $40,000, $50,000 and $30,000 respectively. The partners share profits and losses 20%, 40%, and 40% respectively.Anne retires and is paid $80,000 based on the terms of the original partnership agreement. If the bonus method is used, what is the capital of the remaining partners?
A. Donald, $30,000; Todd, $10,000
B. Donald, $40,000; Todd, $30,000
C. Donald, $24,000; Todd, $18,000
D. Donald, $50,000; Todd, $50,000
E. Donald, $70,000; Todd, $40,000
Answer: A
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