82 Wallace and Simpson formed a partnership with Wallace contributing $78,000 and Simpson contributing $58.000. Their partnership agreement calls for the income (loss division to be based on the ratio of capital investments. Wallace sold one-half of his partnership interest to Prince for $71,000 when his capital balance was $92,000. The partnership would record the admission of Prince into the partnership as: Multiple Choice O Debit Wallace, Capital $46,000; credit Prince, Capital $46,000. O Debit Wallace, Capital $71,000; credit Prince, Capital $71,000. o o Debit Wallace, Capital $46,000; debit Cash $25,000: credit Prince. Capital $71,000. O Debit Wallace, Capital $39.000 credit Prince, Capital $39,000. O Debit Prince, Capital $71,000; credit Wallace, Capital $71,000