E 16-16 Recording new partner investment and partner retirements—Various situations 1. Shi purchased an interest in the Ton and Olg partnership by paying Ton $40,000 for half of his capital and half of his 50 percent profit-sharing interest. At the time, Ton’s capital balance was $30,000 and Olg’s capital balance was

$70,000. Shi should receive a credit to her capital account of:

a $15,000 b $20,000 c $25,000 d $33,333