"Jim and June are in a partnership with a profit-sharing ratio of 30 percent and 70 percent, respectively. Jim has a capital balance of $3,000,000 and June has a capital balance of $2,500,000. The partners agree to admit Tim into the partnership for a 48 percent interest with an investment of $6,000,000. What is the capital of Tim if the assets of the partnership are revalued."

"$6,000,000 "

"$3,500,000 "

"$1,000,000 "

None of these