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Bill and Ken enter into a partnership agreement in which Bill is to have a 60% interest in capital and profits and Ken is to have a 40% interest in .capital and profits Bill contributes the following: (Cost of Land= $ 10,000 - fair value of Land= $20,000), (cost of Building - 100,000 and) - (fair value of Building= 60,000), and (cost of Equipment=20,000 - fair value of Equipment=15,000 There is a $30,000 mortgage on the building that the partnership agrees to assume. Ken contributes $50,000 cash to the partnership. Bill and Ken agree that Ken's capital account should equal Ken's $50,000 cash contribution and that goodwill should be recorded Goodwill should be recorded in the amount of $20,000.a o $16.667.b O $10.000.- $15,000.00