On May 1, 20X1, Stanley Carpenter and Fred Kenamond formed The Wine Shop. The two partners invested cash and other assets and liabilities with the following agreed-upon values: Carpenter Cash, $12,600: Merchandise inventory, $24,600; Equipment, $76,600; Accounts payable, $11,200. Kenamondi Purniture, $24,600; Cash, $36,600. Carpenter is to own two-thirds of the capital, and Kenamond is to own one-third of the capital, but they will split profits and losses equally Required: Prepare a balance sheet for the partnership Just after the assets and liabilities have been transferred to it. THE WINE SHOP Balance Sheet May 1, 20X1 Assets Total Assets Liabilities and Partners' Equity Partners' Equity Total Liabilities and Partners' Equity