Gary, Peter, and Chris own a firm as partners. Gary has a capital balance of $22,000; Peter a ...

Gary, Peter, and Chris own a firm as partners. Gary has a capital balance of $22,000; Peter a capital balance of $42,000; and Chris has a capital balance of $32,000. As per the partnership agreement, Gary gets a profit share of 2/9; Peter has 4/9; and Chris has 3/9. Which of the following is true, if Gary withdraws from the partnership by receiving $22,000?
A) Peter, Capital and Chris, Capital will be credited for $11,000 each.
B) Gary, Capital will be debited for $22,000.
C) Cash is debited for $22,000.
D) Peter, Capital will be credited for $22,000.