Jeff wants to retire from his successful general partnership by selling his partnership interest to an existing partner for net proceeds of $200,000. When Jeff first joined the partnership four years ago, he contributed $50,000. According to the partnership agreement, Jeff is entitled to 20% of the partnership profit. Over the course of the four years, he received weekly cheques of $2,000, for a total of $416,000. During that time, the business had a net profit of $2.2 million. What will Jeff's capital gain be as a result of the disposition? O a) $24,000 b) $74,000 c) $126,000 w W O d) $200,000