Max Baer and Jimmy Choo are two proprietors who decide to merge their businesses into a parthership on January 1, 2023. The assets each contribuled to the parthership are as folows Buring the ywar ended December 31,2023 , the business, Bear-Chew Pet Services, had revenues of $180,000, rent expenses of 512.000 , depreciation expense of 52,500 , and other operating expenses of $8,400. Other than depreciation expense, all reverues and expenses incured by the business were for cash. As wel, cash of 57,500 was colected on the accounts receivable, with the remainder of the accounts receivable weitten off, The partnership agreement specifies that Max and Jimeny will share the partnership profit equaly. During the year, Max withdrew $40,000 for personal use, and Jimmy withdrew $28,000