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After forming Pepsi Innovations, Alice contributes $75,000 in cash and $45,000 worth of equipment, while Bob contributes $55,000 in cash and $35,000 worth of inventory.
After forming Pepsi Innovations, Alice contributes $75,000 in cash and $45,000 worth of equipment, while Bob contributes $55,000 in cash and $35,000 worth of inventory. Prepare a comprehensive balance sheet for the partnership, reflecting the capital contributions of Alice and Bob.
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