Mutt and Jeff formed a partnership on April $1$ and contributed the following assets:

Mutt Jeff

Cash $ $150,000$ $ $50,000$

Land $310,000$

The land was subject to a $$30,000$ mortgage, which the partnership assumed. Under the partnership agreement, Mutt and Jeff share profit and loss in the ratio of one$-$third and two$-$thirds, respectively. Jeff$$s capital account at April $1$ should be:

Multiple Choice

$$330,000.$

$$300,000.$

$$360,000.$

$$340,000.$