Kira and Wayne had a partnership that distributed profits in a ratio of 1:3 respectively. They have decided to liquidate the partnership. Prior to liquidation, the partnership had Cash of $50,000, Inventory of $75,000, Equipment (net) of $235,000, and no payables. Partner capital balances were:

Kira: $100,000 Wayne: $260,000

The inventory was sold for $59,000 and the equipment was sold for $243,000. After the assets were sold, what was Kira's and Wayne's capital balance?

A) $90,000 and $176,000 respectively

B) $106,000 and $254,000 respectively

C) $ 98,000 and $278,000 respectively

D) $98,000 and $254,000 respectively