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Need asap 30 minutes please, thank you this is all given information The following information is available for the Ying and Yang Partnership: i. Ying

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The following information is available for the Ying and Yang Partnership: i. Ying and Yang began the year with a capital balance of $40,000 and $100,000, respectively. ii. On May 1, Ying invested an additional $30,000 into the partnership. iii. On October 1, each partner withdrew $20,000 in anticipation of partnership net income. Assume that net income for the year is $80,000 and was allocated to Ying and Yangin the ratio of 3:5. How much is the capital balance at the end of the year for Ying? A. $74,000 B. $80,000 C. $85,000 D. $55,000

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