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On November 30, capital balances are Howe $90,000, Doss $75,000 and Newlin $75,000. The income ratios are 30%, 30% and 40%, respectively. Howe decides to

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On November 30, capital balances are Howe $90,000, Doss $75,000 and Newlin $75,000. The income ratios are 30%, 30% and 40%, respectively. Howe decides to retire from the partnership. The partnership pays Howe $97,500 cash for her partnership interest. After Howe's retirement, what is the balance of Newlin's capital account? O a $75,000 O b. $71,250 Oc. $72,000 O d. $97,500

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