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Naan and O . Luman formed a partnership several years ago. Currently, Naan has a capital balance of $ 1 2 0 , 0 0

Naan and O. Luman formed a partnership several years ago. Currently, Naan has a capital balance of $120,000, and Luman has a capital balance of $80,000. Meer Abs would like to join the partnership by purchasing half the interests of Naan and Luman. On April 15, Abs pays $60,000 to Naan and $40,000 to Luman. What is the capital balance of Abs after Abs is admitted?select one:a. $60,000b. $40,000c. $ 120,000d. $100,000Previous pageNext page4\deg FSunnySearch

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