In the MW partnership, M's capital is $140,000 and W's is $40,000 and they share income in a 3:1 ratio, respectively. They decide to admit R to the partnership. Each of the following questions is independent of the others. (3, 4)

4. Refer to the information provided above. R directly purchases a one-fifth interest by paying M $34,000 and W $10,000. The land account increased before R is admitted. By what amount is the land account increased?