Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio. The partnerships capital balances are Caitlin, $131,000; Chris, $91,000; and Molly, $111,000. Paul is admitted to the partnership on July 1 with a 20% equity and invests $71,000. The balance in Caitlins capital account immediately after Pauls admission is:

Multiple Choice

a. $131,000

b. $128,060

c. $133,940

d. $80,800

e. $71,000