Robert Johnson contributed equipment, inventory, and $42,000 cash to the partnership.The equipment had a book value of $25,000 and market value of $28,000.The inventory has a book value of $50,000, but only had a market value of $15,000 due to obsolescence.The partnership also assumed a $12,000 note payable owed by Robert that was originally used to purchase the equipment.

What amount should Robert's capital account be recorded?