Free and G. Mann decide to merge their proprietorships into a partnership called Freemann Ltd. The statement of financial position for Mann shows (in OMR):

Equipment 20,000

Less: Accumulated depreciation equipment 8,000

Accounts receivable 16,000

Less: Allowance for doubtful accounts 1,200

14,800

The partners agree that the net realizable value of the receivables is OMR12,500 and that the fair value of the equipment is OMR10,000.

Required:

Indicate how the four accounts should appear in the opening statement of financial position of the partnership.