After closing th temporary owners equity accounts into Income Summary and after allocating the net income and

After closing thé temporary owner’s equity accounts into Income Summary and after allocating the net income and closing the partners’ drawing accounts, assume the partners’ capital accounts had credit balances as follows: Abbott, $20,000; Barnes, $30,000; Costello, $45,000. The difference between the withdrawing partner’s equity and amount of cash withdrawn is divided according to the ratio of the remaining partners’

capital interests.

If Costello retired and withdrew $40,000 in settlement of his equity, the amount entered in Abbott’s capital account would be a

(a) $2,000 credit.

(c) $3,000 credit.

(b) $2,000 debit.

(d) $3,000 debit.