Letterman and Conan Are Partners Who Share Profits and Losses

Letterman and Conan are partners who share profits and losses 3:7.The capital accounts on January 1, 2014, are $120,000 and $160,000, respectively.Leno is to be admitted as a partner with a one-fourth interest in the capital and profits and losses by investing $80,000.Goodwill is not notto be recorded.The capital balances after admission should be:
A)Letterman, $117,000; Conan, $153,000; Leno, $90,000
A)Letterman, $120,000; Conan, $167,000; Leno, $80,000
B)Letterman, $120,000; Conan, $160,000; Leno, $90,000
C)Letterman, $123,000; Conan, $160,000; Leno, $80,000