QUESTION 5 5. Sherry and Joan both have been in a partnership where they shared in profits and losses at a rate of 40% and 60%, respectively. Mecca was admitted to the partnership paying $175,000 for a 25% interest in the partnership. Immediately before admitting Mecca to the partnership, Sherry and Joan had capital balances of $200,000 and $350,000, respectively. The partnership's total capital balance after admitting Mecca as a partner is: A. $175,000 B. $550,000 C. $725,000 D. $200,000