Kathy, Laura, and Maureen have capital balances of $120,000, $180,000 and $70,000 respectively when Kathy and Laura agree to buy Maureens share of the business using partnership assets. The current profit or loss ratio is 4:2:4, respectively. Maureen is paid $70,000. Which statement is FALSE once the transaction has been recorded?

A) Kathys capital will be affected by the transaction.

B) The total capital will be $300,000.

C) The total net assets will decrease by $70,000.

D) Maureens capital will be debited in the journal entry.