P1, P2, and P3 are partners in XYZ Inc. Their capital balances on Dec 31, Year 5, are $177,495 for P1, $246,529 for P2, and $130,654 for P3. Among these partners on this date, the income sharing ratios are 33.25% for P1, 45.10% for P2, and the remainder for P3. On Jan 1, Year 6, a new partner P4 invests $104,360 in XYZ Inc for a one-fifth (20%) interest in capital. In the journal entry to admit the new partner P4, how much capital will be credited or debited to P3 on Jan 1 using the BONUS method?

a.

$6,240

b.

$5,942

c.

$6,537

d.

$6,091

e.

$6,388