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ABC Ventures is formed with Alice contributing $100,000 in cash and $60,000 worth of equipment, and Bob contributing $70,000 in cash and $40,000 worth of

ABC Ventures is formed with Alice contributing $100,000 in cash and $60,000 worth of equipment, and Bob contributing $70,000 in cash and $40,000 worth of inventory. Prepare a comprehensive balance sheet for the partnership after formation, indicating the financial resources available to ABC Ventures.

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