3. Pla, a partner in the Bri Partnership, has a 30 percent participation in partnership profits and losses. Pla’s capital account had a net decrease of $60,000 during the calendar year 2016. During 2016, Pla withdrew $130,000

(charged against his capital account) and contributed property with a fair value of $25,000 to the partnership. What was the net income of the Bri Partnership for 2016?

a $150,000 b $233,333 c $350,000 d $550,000