Baker retires from the partnership of Collins, King, and Baker. The partners share profits and losses in the ratio of $3$:$4$:$3,$ respectively. Baker's capital balance is $$23,000,$ and he receives $$30,000$ in

final settlement. What is the effect on the capital accounts of Collins and King?

A$.$ Collins' capital increases by $$3,000.$

B$.$ King's capital decreases by $$7,000.$

C$.$ Collins' capital decreases by $$7,000.$

D$.$ Collins' capital decreases by $$3,000.$