Question - On November 30,capital balances are Gast $120,000, Cook $100,000 and Irving $100,000.The income ratios are 20%,20%and 60%respectively.Gast decides to retire from the partnership. The partnership pays Gst $100,000 cash for her partnership interest. After Gast's retirement, what was is the balance of Irving's capital account?
A) $88,000
B) $100,000
C) $112,000
D) $115,000