Larry, Sam and Will formed LSW general partnership as equal partners. Larry contributed $50,000 cash. Sam contributed $25,000 cash and property with an adjusted basis of $10,000 and a FMV of $25,000. Will contributed property with an adjusted basis of $24,000 and a FMV of $50,000. The partnership had $87,000 in ordinary income for the year.

What is Sam's ending book capital account?

1. $29,000

2. $74,000

$79,000

4. $87,000