Tom Barnes contributed equipment, inventory, and $43,222 cash to the partnership. The equipment had a book value of $28,168 and market value of $34,262. The inventory has a book value of $41,721, but only had a market value of $13,719. due to obsolescence. The partnership also assumed a $13,778 note payable owed by Tom that was originally used to purchase the equipment.
What amount should Tom's capital account be recorded?