Dalworth and Minor have decided to form a partnership. Minor is going to contribute a depreciable asset to the partnership as her equity contribution to the partnership. The following information regarding the asset to be contributed by Minor is available:

Historical cost of the asset$276,000

Accumulated depreciation on the asset$140,000

Note payable secured by the asset and assumed by the partnership$118,000

Agreed-upon market value of the asset$245,000

Based on this information, Minor's beginning equity balance in the partnership will be:

• $276,000
• $158,000
• $136,000
• $127,000
• $18,000