On January 1, 2020, Rita, Maria and Lisa formed RML, with capital balances of $100,000, $30,000 and $40,000 respectively. During 2020, Maria and Lisa made additional investments of $4,000 and $8,000 respectively. In addition, Rita's drawings were $10,000 and Lisa's drawings were $4,000. Rita, Maria and Lisa share profits and losses in the ratio 4:2:1. On December 31, 2020 net income was $70,000 Rita's capital balance on December 31, 2020 is: $140,000 O $130,000 $70,000 $54,000 O None of the above