The partnership of Abel and Caine was formed on February 28, 2017. At that date the following assets were investe: 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. Caine's capital account at February 28, 2017, should be Abel S 120,000 $200,00 -0 -0 200,000-0 Caine Cash Merchandise Building Furniture and equipment e Minimized View 320,000 840,000 The partnership of Abel and Caine was formed on February 28, 2017. At that date the following assets were investe: 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. Caine's capital account at February 28, 2017, should be Abel S 120,000 $200,00 -0 -0 200,000-0 Caine Cash Merchandise Building Furniture and equipment e Minimized View 320,000 840,000