X, Y and Z were partners and divided profits and losses in equal proportions. Z left the partnership on 31 March 2022. His capital account and current account balances were $85000 and $7000 debit respectively. Following Z’s retirement, X and Y would share profits and losses equally. Goodwill was valued at $24000 and was not to stay in the books of accounts. As part of the amount owing to him, Z took a motor vehicle at an agreed value of $4000. The other non-current assets were written down by $15000. The balance still due to Z would be settled equally by X and Y. What amount would X pay to Z?
- A$36500
- B$37500
- C$38500
- D$45500