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Following the formation of ABC Ventures, Alice contributes $90,000 in cash and $40,000 worth of office supplies, while Bob contributes $70,000 in cash and $60,000

Following the formation of ABC Ventures, Alice contributes $90,000 in cash and $40,000 worth of office supplies, while Bob contributes $70,000 in cash and $60,000 worth of machinery. Develop the balance sheet for the partnership.

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