In their business partnership, George has an ownership interest of 56% and Ben has an ownership interest of 44%. In the current year, they purchase equipment for $9,800. In order to finance the equipment purchase, George makes a contribution of $6,700 and Ben makes a contribution of $3,100 to the partnership. Based on the information provided, which of the following is true regarding the partnership balance sheet?

A.

George, Capital will increase by $5,488 and Ben, Capital will increase by $4,312.

B.

George, Capital will increase by $9,800 and Ben, Capital will remain unchanged.

C.

Both George, Capital and Ben, Capital will increase by $9,800.

D.

George, Capital will increase by $6,700 and Ben, Capital will increase by $3,100.