Joan and Lee start a printing business together. Joan contributes $150,000. Lee contributes a printing press valued at $10,000. They have no written agreement. Lee works full time in the business as a printer. Joan solicits printing contracts. At the end of the first year, the business has $160,000 in assets and $200,000 in liabilities. Illustrate in a T account the balance sheet of this business at the end of year 1 and briefly explain your work. Explain what happens if either Lee or Page wants to terminate the business at this time.