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After forming Tesla Innovations, Alice contributes $80,000 in cash and $50,000 worth of equipment, while Bob contributes $60,000 in cash and $40,000 worth of inventory.
After forming Tesla Innovations, Alice contributes $80,000 in cash and $50,000 worth of equipment, while Bob contributes $60,000 in cash and $40,000 worth of inventory. Prepare a comprehensive balance sheet for the partnership, reflecting the capital contributions of Alice and Bob.
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