Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value of $6,000 and a fair market value of $11,600. Kelsey will invest a building
with a book value of $32,500 and a fair market value of $56,900.
What amount will be recorded to Sandra's capital account?
a. $11,600
Ob. $56,900
Oc. $6,000
O d. $32,500