Answer: D.) $117,550
Explanation:
Tomas capital balance = $83,500
Saturn capital balance = $16,200
Net income = $45,400
Income sharing ratio = 3 : 1
Total ratio = 4
Share ( $45,400 ÷ 4) = $11,350
Tomas's share ($11,350 × 3) = $34,050
Tomas's capital balance after closing the revenue and expense accounts to the capital accounts;
(Initial capital balance + share of income)
$(83,500 + 34,050) =$117,550
