On April 1, 20YY, Anne invited Mary to form a partnership. The partnership will be known as AM Catering Services. Anne will transfer her business' assets at agreed valuation to the partnership. AM Catering Services will assume the existing firm's liabilities. Mary will invest enough cash to give her 1/3 interest in the partnership's total capitalization. Required: 1. Compute for the adjusted capital of Anne upon formation of the partnership 2. Compute for the cash investment by Mary upon the formation of the partnership