Jack holds an ownership interest of 59 % and Teresa holds an ownership interest of 41 % in the J and T Partnership. This year, in order to further develop the business, Jack contributes an additional $ 7,200 and Teresa contributes an additional $ 2, 900 to the partnership. Which of the following is true of this scenario?
A. Individual contribution of $ 7,200 by Jack and $ 2,900 by Teresa will be recorded.
B. 59 % of Jack's contribution and 41 % of Teresa's contribution will be recorded.
C. Either the total contribution of $ 10,100 or the contribution in relationship to the ownership interest ratio will be recorded.
D. Only the total contribution of $ 10,100 will be recorded.
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