_____ on 7/1/06, Burr and Lapp Formed a Partnership, Agreeing

_____ On 7/1/06, Burr and Lapp formed a partnership, agreeing to share profits and losses in the ratio of 4:6, respectively. Burr contributed a parcel of land that cost him $25,000. Lapp contributed $50,000 cash. The land was sold for $50,000 on 7/2/06--one day after the partnership's formation. How much should be recorded in Burr's capital account upon partnership's formation?

A) $10,000
B) $20,000
C) $25,000
D) $50,000
E) None of the above.