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Amazon Innovations is formed with Alice contributing $110,000 in cash and $20,000 worth of equipment, and Bob contributing $70,000 in cash and $50,000 worth of
Amazon Innovations is formed with Alice contributing $110,000 in cash and $20,000 worth of equipment, and Bob contributing $70,000 in cash and $50,000 worth of inventory. Prepare a balance sheet for Amazon Innovations after formation, assessing the financial stability of the partnership.
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