X, Y and Z are partners, and they share profits and losses equally. At 31 December 2020, the balance on X’s capital account was $100000 and the credit balance on X’s current account was $80000. X retired on 1 January 2021. Non-current assets and goodwill were revalued upwards by a combined total of $60000. On retirement, X left half of the amount owing to her as a loan to the partnership. The remaining amount was settled by cheque. What amount was paid to X?
- A$40000
- B$60000
- C$100000
- D$120000