Following are the capital account balances and profit and loss percentages (indicated parenthetically) for the William, Jennings, and Bryan partnership: William (45%) $ 310,000 Jennings (45%) 260,000 Bryan (10%) 240,000 Darrow invests $360,000 in cash for a 30 percent ownership interest. The money goes to the business. No goodwill or other revaluation is to be recorded. After the transaction, what is Jenningss capital balance?

Multiple Choice

$260,000

$264,050

$262,700

$368,000