Mr. X and Y each invested $55,000 to start a plumbing business on 01/01/2020 Prepare 2020 PARTNERSHIP Tax Return from the following information Dr Cr Cash 23,000 Accounts Receivable 85,000 Investment in Stocks/Bonds 30,000 Equpment 185,000 Accumulated Depreciation 43,000 Accounts Payable 120,000 Partners Capital 110,000 Sales 923,000 Interest income 2,500 Dividend 1,500 Long Term Capital Gain 10,000 Cost of sales 500,000 Salaries to X 60,000 Salaries to Y 60,000 Other salaries 85,000 Charitable Contribution 1,000 Rent 60,000 Utilities 18,000 Penalties 1,000 Advertising 24,000 Depreciation-MACRS 43,000 Contract Labor 35,000 1,210,000 1,210,000 Check Figures