At the beginning of the year, Kanye contributed a piece of land (FMV = $300,000; AB = $200,000) in exchange for a 50% capital and profit (and loss) interest in KW Partnership. KW reported the...

At the beginning of the year, Kanye contributed a piece of land (FMV = $300,000; AB = $200,000) in exchange for a 50% capital and profit (and loss) interest in KW Partnership. KW reported the following income and expenses for the current tax year:

• Sales revenue: $700,000


• 1231 gain: $60,000


• Long-term capital loss: $10,000


• Qualified dividends: $10,000


• W-2 wages paid to employees: $200,000


• Utilities: $140,000


• Rent: $180,000

No distributions were made this year.

What is Kanye’s 704(b) book capital account balance at the end of the tax year?