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On December 31,2019, the capital balances for LMK partnership are Lami $720,000, Majed $600,000 and Kamal $600,000. The income ratios are 2:2:6 respectively. Lami decides

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On December 31,2019, the capital balances for LMK partnership are Lami $720,000, Majed $600,000 and Kamal $600,000. The income ratios are 2:2:6 respectively. Lami decides to retire from the partnership. The partnership pays Lami $600,000 cash for his partnership interest. After retirement of Lami, what is the balance of Kamal's capital account? Select one: O a. $528,000 O b. $600,000 O c. $672,000 O d. $690,000

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