Sam is joining a partnership. He contributes equipment with a book value of $48,000 and a market value of $53,000. He contributes inventory with a cost of $120,000, but a market value of only $30.000 due to obsolescence. He also contributes $68,000 cash. In addition, the partnership assumed an account payable with a balance of $24.000. The entry to record Sam's contribution to the partnership is O A. Cash 68,000 Inventory 30,000 Equipment 58.000 Accounts Payable 24,000 Sam, Capital 132,000 B. Cash 68,000 Inventory 120.000 Equipment 58,000 Accounts Payable 24,000 Sam. Capital 222.000 OC.Cash 68,000 Inventory 30,000 Equipment 58.000 Accounts Payable 24,000 Sam, Capital 180,000 OD. Inventory 30,000 Equipment 58.000 Sam, Capital 4,000 Cash 68,000 Accounts Payable 24.000