Mr. Winston purchased the following equipment, all of which was used 100% for business.

Item	Purchase Date	Cost
Office furniture	1/15/22	$1,032
Fixtures	1/15/22	$ 167
Store sign	1/15/22	$ 250
Card reader	1/15/22	$ 458
Display case	1/15/22	$ 225
Telephone	1/15/22	$ 218
Mirrors*	1/15/22	$ 85
Manicure table*	1/15/22	$ 817
Computer	1/15/22	$ 503
Facial chair	1/15/22	$ 487
Adding machine/calculator*	1/15/22	$ 80
Manicure chair*	1/15/22	$ 163
Printer	1/15/22	$ 285

*Mr. Winston wishes to expense these items under section 179.Note:Do not use special depreciation for any of the assets.

What is the adjusted basis for William and for Mary at the time the partnership was formed? Prepare a balance sheet for W & M Partnership as of 12/31/22.