Adam Alvin is admitted to a partnership. Prior to his admission, the partnership books show Sean Theodore's capital balance at $80,000 and Kelly Simon's capital balance at $48,000. Compute each partner's equity on the books of the new partnership under the following plans:

A. Alvin pays $72,000 for Simon's equity. Alvin's payment goes directly to Simon

B. Alvin invests $32,000 to acquire a 1/5 interest in the partnership

C. Alvin invests $52,000 to acquire a 1/5 interest in the partnership.