X and Y were partners and divided profit and losses equally. They then brought Z into the partnership, and the profit and loss sharing remained equal. The following transactions occurred: 1 Z contributed capital of $50000. 2 Goodwill had a valuation of $30000. No goodwill account is maintained in the books of account. 3 X withdrew a computer from the business valued at $3000. After these transactions had been completed, X’s capital account had a balance of $60000. What was the original balance on X’s capital account?
- A$55000
- B$58000
- C$65000
- D$75000