Hannah and Emma are partners who share income in the ratio of 3:2 and have capital balances of $75,000 and $90,000, respectively. With the consent of Hannah, Rachel buys one-third of Emma's interest for $40,000. For what amount will Emma's capital account be debited to record admission of Rachel to the partnership?

a.

$30,000

b.

$40,000

c.

$10,000

d.

$16,000