In the JK partnership, Jacob's capital is $140,000, and Katy's is $40,000. They share income in a 3:2 ratio, respectively. They decide to admit Erin to the partnership. Each of the following questions is independent of the others.Refer to the information provide above. Erin invests $50,000 for a one-fifth interest in the total capital of $230,000. What are the capital balances of Jacob and Katy after Erin is admitted into the partnership? JacobKatyA.$142,400 $41,600 B.$142,000 $42,000 C.$140,000 $40,000 D.$137,600 $38,400
A. Option A
B. Option B
C. Option C
D. Option D
Answer: A
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