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In the RSJT partnership, Ron's capital is $80,000, Stella's is $75,000, John's is $60,000 and Tiffany's is $50,000. They share income in a 5:3:2:1 ratio,

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In the RSJT partnership, Ron's capital is $80,000, Stella's is $75,000, John's is $60,000 and Tiffany's is $50,000. They share income in a 5:3:2:1 ratio, respectively. Tiffany is retiring from the partnership. Tiffany is paid $60,000, and no goodwill is recorded. What is the John's capital balance after Tiffany withdraws from the partnership? Select one: a. $60,000 b. $58,000 c. $56,667 d. $62,000 e. $63,333

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