A summary balance sheet for the Ash, Brown, and Curly partnership on December 31, 2014 is shown below. Partners Ash, Brown, and Curly allocate profit and loss in their respective ratios of 2:1:1. The partnership agreed to pay partner Brown $135,000 for his partnership interest upon his retirement from the partnership on January 1, 2015. The partnership financials on January 1, 2015 are:

Assets

Cash $ 75,000

Marketable securities 60,000

Inventory 85,000

Land 90,000

Building-net 110,000

Total assets $420,000

Equities

Ash, capital $210,000

Brown, capital 105,000

Curly, capital 105,000

Total equities $420,000

Required:

Prepare the journal entry to reflect Brown's retirement from the partnership. Assume a revaluation of total partnership capital based on excess payment. What is the debit to Brown's account?

	A.	120,000
	B.	135,000
	C.	30,000
	D.	60,000