The Balance Sheet of the equal Henry Partnership on August 31, 2023 is as follows: Cash (Adjusted Basis - $150,000; Fair Market Value - $150,000 ); Unrealized Receivables (Adjusted Basis - \$-0-; Fair Market Value - \$210,000); Capital Assets (Adjusted Basis - \$420,000; Fair Market Value - $510,000 ) (Total Assets: (Adjusted Basis $570,000; Fair Market Value - \$870,000); Notes Payable (Adjusted Basis - $180,000; Fair Market Value - $180,000 ); Capital Accounts: John Capital (Adjusted Basis $130,000; Fair Market Value - \$230,000); Clarence Capital (Adjusted Basis - \$130,000; Fair Market Value - \$230,000); James Capital (Adjusted Basis - \$130,000; Fair Market Value - $230,000 ) (Total Liabilities And Equity (Capital) - (Adjusted Basis - $570,000; Fair Market Value - $870,000 ). John sells his interest in the Partnership to someone outside of the Partnership for Cash of $320,000 and the assumption of his share of the Partnership Liabilities. The amount of Capital Gain recognized by John for the sale of his Partnership Interest is: $70,000.$190,000.$120,000$160,000