In their business partnership, George has an ownership interest of 56 % and Ben has an ownership interest of 44 %. In the current year, they purchase equipment for $9,800. In order to finance the equipment purchase, George makes a contribution of $6,700 and Ben makes a contribution of $3,100 to the partnership. Based on the information provided, which of the following is true regarding the partnership balance sheet?
(A) George, Capital will increase by $5,488 and Ben, Capital will increase by $4,312.
(B) George, Capital will increase by $9,800 and Ben, Capital will remain unchanged.
(C) Both George, Capital and Ben, Capital will increase by $9,800.
(D) George, Capital will increase by $6,700 and Ben, Capital will increase by $3,100.
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