anna contributes

$55,000

cash, land that she bought for

$195,000,

and a building that cost her

$140,000

and has been amortized

$70,000,

to the newly formed partnership of H & B Company. The current market value of the building is

$200,000

and has an outstanding mortgage of

$100,000.

The current market value of the land is

$390,000.

Barbara contributes

$50,500

cash, equipment with a current market value of

$80,000

with an outstanding note payable of

$15,000,

and an automobile with a current market value of

$30,000.

Barbara originally paid

$60,000

for the equipment, which has been amortized

$20,000.

The partners have agreed to share profits and losses equally.

Immediately after the investments by Hanna and Barbara, the balance sheet of H & B Company shows total liabilities of _______.