Fontaine and Monroe are forming a partnership. Fontaine invests a building that has a market value of $250,000; the partnership assumes responsibility for a $75,000 note secured by a mortgage on the property. Monroe invests $100,000 in cash and equipment that has a market value of $55,000. For the partnership, the amounts recorded for total assets and for total capital account are:

		Total assets $405,000; total capital $330,000
		Total assets $350,000; total capital $350,000
		Total assets $350,000; total capital $275,000
		Total assets $305,000; total capital $230,000
		Total assets $405,000; total capital $305,000