When Tim joined with partner Beatrice, Tim contributed a printing press whose cost was $100,000 and current market value is $80,000, accounts receivable of $25,000 with an agreed allowance for doubtful debts of $3,000. The partnership also agrees to take over his $30,000 of accounts payable. The amount credited to Tim's capital account would be:

$72,000

$105,000

$180,000

$78,000