Fontaine and Monroe are forming a partnership. Fontaine invests in a building that has a market value of $348,000; the partnership assumes responsibility for a $124,000 note secured by a mortgage on the property. Monroe invests $99,000 in cash and equipment that has a market value of $74,000. For the partnership, the amounts recorded for Fontaine's Capital account and for Monroe's Capital account are:

A. Fontaine, Capital $224,000; Monroe, Capital $173,000.

B. Fontaine, Capital $224,000; Monroe, Capital $99,000.

C. Fontaine, Capital $224,000; Monroe, Capital $74,000.

D. Fontaine, Capital $348,000; Monroe, Capital $173,000.

E. Fontaine, Capital $348,000; Monroe, Capital $99,000.

Please add explanation