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Cash $200,000 Payables to Creditors $300,000 Receivable from Grouse 50,000 Loan to Partridge, Receivable from Flicker 20,000 Grouse, Capital Property & Equipment Goodwill 480,000

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Cash $200,000 Payables to Creditors $300,000 Receivable from Grouse 50,000 Loan to Partridge, Receivable from Flicker 20,000 Grouse, Capital Property & Equipment Goodwill 480,000 Flicker, Capital 100,000 $850,000 10,000 240,000 250,000 Partridge, Capital 50,000 $850,000

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