Capital balances in the MURF partnership are Molly Capital ($50,000,) Ursula Capital ($40,000,) Ray Capital ($30,000,) and

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Capital balances in the MURF partnership are Molly Capital $$50,000,$ Ursula Capital $$40,000,$ Ray Capital $$30,000,$ and Fred Capital $$20,000,$ and income ratios are 4:3:2: 1. respectively. Fred withdraws from the firm following payment of $$29,000$ in cash from the partnership. Ursula’s capital balance after recording the withdrawal of Fred is:

a. $$36,000.$

b. $37,000.

c. $38,000.

d. $40,000.

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