acquire a fitth of the net asset share of the Thabisile and Mike decided to admit Dineo from 1 August 2020. Dineo will contribute R50 000 cash and a vehicle worth R86 000 to acquire a fifth of the net asset share of the partnership. Thabisile and Mike agreed to relinquish 20% of their share in profits or losses to Dineo in the ratio of 3:1 respectively. All other assets were revalued before admitting Dineo to the partnership and a valuation loss of R28 000 was correctly calculated. Which one of the following alternatives represents the correct balance in the capital account of Mike after the valuation of assets and prior to the admission of Dineo? Select one: a. R 90000 b. R 42000 c. R 62000 d. R 74000 e. R118 000