On February 1, 2023, Tessa Williams and Audrey Xie formed a partnership in Ontario. Williams contributed $81,000 cash and Xie contributed land valued at $121,000 and a small building valued at $181,000. Also, the partnership assumed responsibility for Xies $131,000 long-term note payable associated with the land and building. The partners agreed to share profit or loss as follows: Williams is to receive an annual salary allowance of $91,000, both are to receive an annual interest allowance of 15% of