Doyle and Lincoln are partners. Doyle contributes $30,000 to the partnership, and Lincoln contributes $10,000. They agree that Doyle will assume 70 percent of partnership losses, if any, and that Lincoln will assume 30 percent. Otherwise, they make no other financial agreements. At the end of the first year, the business has $220,000 in assets and $80,000 in liabilities. Illustrate in a T account the balance sheet of this partnership at the end of year 1 and briefly explain your work