F. Yang invests $30,000 cash and equipment worth $50,000 into a partnership. J. Smith invests $20,000, inventory worth $75,000 and the partnership assumes responsibility for Smith's note payable of $30,000. What will be the balances in the partners' capital accounts after forming the partnership?

F. Yang, Capital $80,000; J. Smith $125,000 

F. Yang, Capital $80,000; J. Smith $65,000 

F. Yang, Capital $30,000; J. Smith $20,000 

F. Yang, Capital $80,000; J. Smith $95,000

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