Griffin and Rhodes Formed a Partnership on January 1,20X9

Griffin and Rhodes formed a partnership on January 1,20X9.Griffin contributed cash of $120,000 and Rhodes contributed land with a fair value of $160,000.The partnership assumed the mortgage on the land that amounted to $40,000 on January 1.Rhodes originally paid $90,000 for the land.On July 31,20X9,the partnership sold the land for $190,000.Assuming Griffin and Rhodes share profits and losses equally,how much of the gain from sale of land should be credited to Griffin for financial accounting purposes?

A) $0
B) $15,000
C) $35,000
D) $45,000