Don Quixote contributed cash of $35,000 and noncash assets to a partnership. The partnership agreed to value noncash assets contributed in the formation of the partnership at market value. The partnership also assumed a note payable owed by Quixote Details on the noncash assets are provided below: Book Value Market Value $35,00o $68,000 see below see below $35,000 $62,000 104,000 Cash Inventory Equipment Note Payable Assumed Click here and use the sliders to select the fair market value of the equipment contributed and the amount of the note payable assumed to answer the following questions What will be the initial balance in Don Quixote's capital account if the fair market value of the equipment contributed is $115,00o and a note payable is assumed for $3o,0007 What will be the initial balance in Don Quixote's capital account if the fair market value of the equipment contributed is $110,00o and a note payable is assumed for $60,0007 2. What will be the initial balance in Don Quixote's capital account if the fair market value of the equipment contributed is $100,000 and a note payable is assumed for sso,0007 3. Book Value Market Value $35,000 $68,00o see below see below Cash Inventory Equipment Note Payable Assumed Click here and use the sliders to select the fair market value of the equipment contributed and the amount of the note payable assumed to answer the following questions. $35,00oo $62,000 104,0o0 what will be the initial balance in Don Quixote's capital account if the fair market value of the equipment contributed is $115,00o and a note payable is assumed for $30,000 What will be the initial balance in Don Quixote's capital account if the fair market value of the equipment contributed is $110,000 and a note payable is assumed for $60,000? 2. What will be the initial balance in Don Quixote's capital account if the fair market value of the equipment contributed is $100,000 and a note payable is assumed for $8o,0002 3. If the amount of cash contributed, fair market value of inventory, and value of note payable assumed remain constant, Don Quixote's capital account will If the amount of cash contributed, fair market value of inventory, and fair market value of equipment remain constant, Don Quixote's capital account will as the fair market value of the equipment contributed decreases as the value of the note payable assumed increases