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J & K are forming a partnership. J is investing a building that has a market value of $80,000. However, the building carries a $45,000

J & K are forming a partnership. J is investing a building that has a market value of $80,000. However, the building carries a $45,000 mortgage that will be assumed by the partnership. K is investing $20,000 cash. The balance of Js capital is

a. $25,000

b. $35,000

c. $45,000

d. $125,000

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