The Calvin-Dogwood Partnership plans to form a new partnership with Alexis. The existing partnership owns inventory that was purchased for $65,800, has a current replacement cost of $55,100, and is priced to sell for $97,000. At what amount should the inventory be recorded in the accounts of the new partnership if Alexis is to be admitted? Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value of $4,300 and a fair market value of $15,300. Kelsey will invest a building with a book value of $42,300 and a fair market value of $60,600. What amount will be recorded to the building account?