A,A- $-|. |IT Normal!TT No space.. Heading 1 - Heading 2 Paragraph Styles Hannah Freeman and Hugo Hemandez form a partnership by combining assets of their former businesses. The folowing balance sheet information is provided by Freeman, sole proprietorship: Hannah Freeman Proprietorship Balance Sheet June 1, 20Y3 $65,000.00 1 Cash 2 Accounts receivable 3 Less: Allowance for doubtful accounts 4 Land 3 Equipment 6 Less: Accumulated depreciation-equipment 1 Total assets $125,000.00 7200.00 117,800.00 215,000.00 $78,000.00 37,000.00 $434,800.00 41,000.00 $24,800,00 9 Accounts payable 1O Notes payable 11 Hannah Freeman, capital 12 Total liabilities and owner's equity Freeman obtained appraised values for the land and equipment as follows: 76,000.00 $434,800.00 D