The Calvin-Dogwood Partnership plans to form a new partnership with Alexis. The existing partnership owns inventory that was purchased for $67,900, has a current replacement cost of $56,700, and is priced to sell for $91,400. At what amount should the inventory be recorded in the accounts of the new partnership if Alexis is to be admitted? a. $56,700 b. $91,400 c. $67,900 d. $34,700