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Jill and Smite have partnership capital account balances of $1,056,000 and $792,000, respectively and share profits and losses equally. Sierra is admitted to the partnership

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Jill and Smite have partnership capital account balances of $1,056,000 and $792,000, respectively and share profits and losses equally. Sierra is admitted to the partnership by investing $440,000 for a one-fourth ownership interest. The balance of Smith's Capital account after Sierra is admitted is tion a $858,000 b. $726,000 C. $792,000 d. $572,000

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