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The capital account balances for Donald & Hanes LP on January 1, 2021, were as follows: 00:23:27 Donald, capital $200,000 Hanes, capital 100,000 Donald and

The capital account balances for Donald & Hanes LP on January 1, 2021, were as follows: 00:23:27 Donald, capital $200,000 Hanes, capital 100,000 Donald and Hanes shared net income and losses in the ratio of 3:2, respectively. The partners agreed to admit May to the partnership with a 35% interest in partnership capital and net income. May invested $100,000 cash, and no goodwill was recognized (bonus method is applied). What is the balance of May's capital account after the new partnership is created? Multiple Choice $84,000. $100.000. $140,000. $176,000

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