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.
caine’s capital account at february 28, 2017, should be:

a) $952,000.
b) $1,36.
c) $1,176,000.
d) $1,080,000.