Fontaine and Monroe are forming a partnership. Fontaine invests a building that has a market value of $352,000 and a $126,000 note payable. Monroe invests $101,000 in cash and equipment that has a market value of $76,000. For the partnership, the amounts recorded for total assets and for total partnership capital account are:

Multiple Choice

Total assets $529,000; total capital $403,000.

Total assets $529,000; total capital $428,000.

Total assets $428,000; total capital $303,000.

Total assets $655,000; total capital $655,000.

Total assets $655,000; total capital $226,000.