Floyd and Merriam start a partnership business on June 12, 2019. Their capital account balances as of December 31, 2020 stood as follows:

Floyd	$55,000
Merriam	17,000

They agreed to admit Ramelow into the business for a one-third interest in the new partnership. Ramelow contributes $24,000 cash in exchange for the partnership interest.

What is the correct capital account balance of Ramelow after he enters the business?

		a)$28,000
		b)$32,000
		c)$55,000
		d)$24,000