D'Lte Dry Cleaners is owned and operaled by Joel Palk. A buldding and equipment are currently being rented, pending expansion to new facilities. The actual work of dry cleaning is done by another company for a fee. The assets and the liabilities of the business on July 1, 20Y6, are as follows: Cash, $45,000; D'Lte Dry Cleaners is owned and operaled by Joel Palk. A buldding and equipment are currently being rented, pending expansion to new facilities. The actual work of dry cleaning is done by another company for a fee. The assets and the liabilities of the business on July 1, 20Y6, are as follows: Cash, $45,000