1. Marvin and Lavin are partners who share income and losses in the ratio of 3:2, respectively. On August 31, their capital balances were: Marvin, $140,000 and Lavin, $120,000. On that date, they agree to admit Nelson as a partner with a one-third capital interest. If Nelson invests $160,000 in the partnership, what is Lavins capital balance after Nelsons admittance?

a. $140,000

b. $128,000

c. $126,000

d. $120,000