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In the ADG partnership, Allen's capital is $125,000, Daniel's is $60,000 and George's is $40,000; they share income in a 3:2:1 ratio, respectively. They decide

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In the ADG partnership, Allen's capital is $125,000, Daniel's is $60,000 and George's is $40,000; they share income in a 3:2:1 ratio, respectively. They decide to admit David to the partnership. What amount will David have to invest to give him one-fourth interest in the capital of the partnership if no goodwill or bonus is recorded? Select one: a. $60,000 b. $56,250 c. $133,750 d. $75,000

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