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Need Help Solving: Hewlett and Martin are partners. Hewlett's capital balance in the partnership is...

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Accounting

Need Help Solving:

Hewlett and Martin are partners. Hewlett's capital balance in the partnership is $63,000, and Martin's capital balance $60,000. Hewlett and Martin have agreed to share equally in income or loss. Hewlett and Martin agree to accept Black with a 25% interest. Black will invest $34,000 in the partnership. The bonus that is granted to Black equals:

Multiple Choice

A. $0, because Black must actually grant a bonus to Hewlett and Martin.

B. $3,271.

C. $6,542.

D. $5,250.

E. $2,625.

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