Hanna contributes $55,000 cash, land that she bought for 5195,000, and a building that cost her $140,000 and has been amortized 570,000, to the newly mortgage of $100,000. The current market value of the land is $390 000 Barbara contributes 550 500 cash, equipment with a current market value of $80,000 with an outstanding note payable of $15,000 and an automobile with $20,000. The partners have agreed to share profits and losses equally Immediately after the investments by Hanna and Barbara, the balance sheet of H & B Company shows total liabilities of A 515,000 B. $100.000 C$115.000 OD $305 500 This Test 12 pts possi 5140,000 and has been amortized $70,000, to the newly formed partnership of H & B Company. The current market value of the building is $200.000 and has a standing standing note payable of $15,000 and an automobile with a current market value of 530,000 Barbara originally paid 560 000 for the equipment which has been modied shows total liabilities of