Henry Jones contributed equipment, inventory, and $47,400 cash to a partnership. The equipment had a book value of $25,700 and market value of $35,700, The inventory had a book value of $54,600 but only had a market value of $11,200 due to obsolescence. The partnership also assumed a $14,700 note payable owed by Henry that was originally used to purchase the equipment. What amount shevid be recorded to Henry's capital account? a. 51,3,000 b. 5123,000 c. 579,000 4. 5142.400