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Clarence and Clay are partners who share income in the ratio of 2:3 and have capital balances of $54,000 and $34,000, respectively. Miguel is

Clarence and Clay are partners who share income in the ratio of 2:3 and have capital balances of $54,000 and $34,000, respectively. Miguel is admitted to the partnership and is given a 40% interest by investing $31,000. What is Clarence's capital balance after Miguel is admitted? a. $47,360 Ob. $31,000 Oc. $60,640 Od. $49,500

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