Henry Jones contributed equipment, inventory, and $44,000 cash to a partnership. The equipment had a book value of $35,000 and a market value of $28,000. The inventory has a book value of $25,000, but only had a market value of $12,000 due to obsolescence. The partnership also assumed a $15,000 note payable owed by Henry that was originally used to purchase the equipment. What amount should Henry's capital account be recorded? a. $69,000 b. $104,000 c. $84,000 d. $89,000