Smiles and Scowls,two Sole Traders Form a Partnership by Combining

Smiles and Scowls,two sole traders form a partnership by combining their net assets.
Smiles contributes: $\begin{array}{lcc} & \text { Cost value } & \text { Fair value } \\\text { Accounts Receivable } & \$ 10000 & \$ 8500 \\\text { Cash } & \$ 20000 &\\\text { Scowls contributes: }\\\text { Plant } & \$ 30000 & \$ 25000 \\\text { Accumulated Depreciation } & \$ 8000 & \\\text { Bank Overdraft } & \$ 11000 &\end{array}$
The amount credited to Smiles' Capital account is:

A) $30 000
B) $29 000
C) $28 500
D) $20 000