A&B form a partnership with A being the limited partner (LP)who will invest $150,000 and B being the general partner (GP). The group finds a property for $700,000 and takes a mortgage for $550,000, interest only at 6%. They agree to a 90/10 split on the profits and distributions while the property is owned by the group. Assume the following: Gross Income-$125,000 LESS VACANCY- $6,250 LESS OPERATING EXPENSES - $27,000 Assume straight line 10 year depreciation schedule (570,000 per year) What is the capital account of investor B (the GP) $7,000 $-7,000 55,875 55,875