Collins and Farina Are Forming a Partnership

Collins and Farina are forming a partnership. Collins is investing a building that has a fair market value of $70,000. However, the building is subject to a $36,000 mortgage. Farina is investing $20,000 cash. The amount to be credited to Collins' capital account is:

A) $70,000.
B) $56,000.
C) $44,000.
D) $34,000.
E) $60,000.