Response to the following problem:
Brian is admitted to the Harper & Frost Partnership under the goodwill method. Brian contributes cash of $20,000 and non-cash assets with a market value of $30,000 and book value of $15,000 in exchange for a 20% ownership interest in the new partnership. Prior to the admission of Brian, the capital of the existing partnership was $130,000 and an appraisal showed the partnership net assets were fairly stated. What will be Brian's initial capital balance?
A) $36,000
B) $50,000
C) $35,000
D) $45,000
PLEASE SHOW CALCULATIONS ON HOW YOU ARRIVED AT YOUR ANSWER.