Marked out of 1.00 Flag question Rex and Kelsey are partners who share income in the ratio of 32 (3/5 to Rex and 2/5 to Kelsey). Their capital balances are $95,000 and $140,000, respectively, on January 1. The partnership generated net income of $40,000 for the year What is Rex's capital balance after closing the revenue and expense accounts to the capital accounts? Select one: O a. $71.000 Ob. $146,000 O c. $119,000 Od. $111,000