P1, P2, and P3 are partners in XYZ Inc. Their capital balances on Dec 31, Year 5, are $226,743 for P1, $151,168 for P2, and $188,958 for P3. Among these partners on this date, the income sharing ratios are 37.09% for P1, 41.26% for P2, and the remainder for P3. On Jan 1, Year 6, P1 will retire from the partnership and will be paid $272,931 as a return of capital. In the journal entry to record the retirement, how much capital will be credited or debited to P3 on Jan 1 using the BONUS method?

a. $15,895

b. $17,087

c. $16,690

d. $16,293

e. $15,498