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Pia and Ramona are partners who share income in the ratio of 3:2. Their capital balances are $80,000 and $120,000 respectively. Income Summary has a

Pia and Ramona are partners who share income in the ratio of 3:2. Their capital balances are $80,000 and $120,000 respectively. Income Summary has a credit balance of $40,000. What is Ramonas capital balance after closing Income Summary to Capital?

Select one:

a. $140,000

b. $96,000

c. $136,000

d. $144,000

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