arnold and mathew share profit and loss equally in a partnership. On Jan 1, 2019, Arnold had a capital balance of $140000 and Matthew had a capital balance of $100000. On this date Harry is admitted to partnership for 10% share and Harry is required to contribute $40000 to the partnership. If Harrys admission is recorded using Bonus method, Harrys capital in the new partnership will be

a. 28000

b. 40000

c. 52000

d. 24000