A partnership has the following capital balances:

Albert (50% of gains and losses).$ 80,000 Barrymore (20%).60,000 LO3 Candroth(30%). 140,000 Danville is going to invest $70,000 into the business to acquire a 30 percent ownership interest. Goodwill is to be recorded. What will be Danville’s beginning capital balance?

a. $70,000.

b. $90,000.

c. $105,000.

d. $120,000.