The partnership of Abel and Caine was formed on February 28, 2017. At that date the following assets were invested:

	Abel	Caine
Cash	$ 120,000	$200,000
Merchandise	-0-	320,000
Building	-0-	840,000
Furniture and equipment	200,000	-0-

The building is subject to a mortgage loan of $280,000, which is to be assumed by the partnership. The partnership agreement provides that Abel and Caine share profits or losses 30% and 70%, respectively. Caines capital account at February 28, 2017, should be

a) $952,000.

b) $1,360000.

c) $1,176,000.

d) $1,080,000.