P and Q are partners in a partnership. R was taken on as a partner on 1 July 2018, and the ratio for sharing profit and loss among P, Q and R was $2:2:1$ respectively. When admitting R, the partners decided: - goodwill was to be valued at $20000$, but was not to be kept in the books of account - R was to contribute cash of $40000$, together with a motor vehicle valued at $10000$ - R was to receive an annual salary of $5000$ What was the balance on R’s capital account immediately after admission?
- A$36000
- B$46000
- C$51000
- D$54000