Car and Lam establish a partnership to operate a used furniture business under the name C&L

Furniture. Initial contribution from partners:

Car $$120,000$ and FVM $$160,000$ in inventory.

Lam $$60,000$ Cash $$80,000$ and FVM $$60,000$ from a team.

$-$Profits$/$losses will be distributed equitably.

$-$Contributions will be accounted for at fair market value.

$-$Calculate the balance of each partner's capital accounts.