Robert johnson contributed, equipment, inventory, and $42,000 cash to the parnership. the equipment had a book value of $25,000 and market value of 28,000. The inventory has a book value of $50,000 but only had a market value of $15,000 due to obsolescense. the partnership also assumed a $12,000 note payable owed by robert that was originally used to purchase the equipment.
What amount should Robert's Capital account be recorded?
a. $85,000
b. $73,000
c. $117,000
d. $105,000