Jack Davis borrowed $360,000 from First Bank. First Bank required three sureties for the loan. The following parties agreed to act as a surety for Davis in the following amounts: Ames$300,000, Barclay$180,000, and Charles$240,000. After paying $60,000, Davis has defaulted on the loan. Charless debts have been discharged in bankruptcy. Ames paid First Bank the $300,000 that was due. How much must Barclay pay to Ames?

Group of answer choices

Barclay does not owe Ames anything because First Bank can choose whichever surety it wants and collect the full amount, which releases Barclay.

Barclay owes Ames $112,500.

Barclay owes his full pledge of $180,000 because of the bankruptcy of Charles.

Barclay owes $66,667 to Ames.