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Baker had the following normal account balances just prior to transferring them to a new partnership Cash $12,000, Inventory $35,000Equipment $31,000Accumulated Depreciation $15,000 Assuming the

Baker had the following normal account balances just prior to transferring them to a new partnership Cash $12,000, Inventory $35,000Equipment $31,000Accumulated Depreciation $15,000 Assuming the fair values equal the carrying amounts, what is the amount of Baker's investment in the new partnership

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