=+Brandi Bonds and Cesar Ruiz form a partnership by combining assets of their former businesses. The following balance sheet information is provided by Bonds, sole proprietorship:

Cash $ 40,000 Accounts receivable $75,000 Less: Allowance for doubtful accounts 4,100 70,900 _______ Land 180,000 Equipment $70,000 Less: Accumulated depreciation—equipment 43,000 27,000 _______ ________ Total assets $317,900 ________ ________ Accounts payable $ 22,500 Notes payable 65,000 Brandi Bonds, capital 230,400 ________ Total liabilities and owner’s equity $317,900 ________ ________