PART A (30 points) Information Wind & Rambier agree to form a partnership on January 1, 2020, Wind has operated a business as a sole proprietorship for a number of years and will contribute the net sets of his business to the partnership. The appraised value of the net assets in Wind's business are given below Cash 25,000 Receivables 100,000 Inventory 215.000 Property, plant & equipment, net 180,000 Accounts payable (120.000 Accrued liabilities (55.000) Mortgage payable (30.0001 Net Assets 315,000 Rambler has significant experience in marketing and will contribute cash in the amount of S 340.000 Wind & Rambler agree to begin operations with equal capital bulances. The partnership agreement also indicates that the bonus method will be used to account for any changes in partner ownership The Articles of Partnership (the partnership agroement) provide that income and losses are to be allocated in the following manner: 75.000 Wind is to receive a salary of Rambler is to receive a lary of 65,000 Interest is calculated on the beginning capital balances at a rate of * The remaining gain or loss is to be allocated to Wind & 5 The main row is to be allocated to Wind & Rambler in the role of 200M + 5 100 5 250.000 Each partner is provided a menthly draw of Income for 2020 moted to Os January 2, 2021. Denner joined the parenhip by paying a total of $350,000 to Wind & Rambler directly. For this payment, Donner received a partnership Inicest of The partnership agreement was revised to tow Doen salary or Wind & Rambler les mich Interest in wallet balance at the material The remaining is to be plit Winter & Teen in the ratio of 30 Each i poded a chydw of Income for 2010 5 23300 ELMO Windows Mac Dodoms of Mathe Theme Lhanted to Meteller Wind Allied it allocaties provided do Mechelle Monthly Incer 2007 New 200M Nances the previewed The main obelis A Deer in the rate of Wachpartner is provided lyd of Income for 2031 amounted to 1.800 On January 1, 2023. Wind decided to any Donner to the end of the The changed to reflect Mechelle in the place Wind All provided to Windows Mobile Mahallesi Income for 2092 do 20.00 Neutral for each of the year 2004 2002. Statement of Schedule of collection PART 3 (20 points Toy stories and Mathew capital and properest that time and Ma New PART A (30 points) Information Wind & Rambier agree to form a partnership on January 1, 2020, Wind has operated a business as a sole proprietorship for a number of years and will contribute the net sets of his business to the partnership. The appraised value of the net assets in Wind's business are given below Cash 25,000 Receivables 100,000 Inventory 215.000 Property, plant & equipment, net 180,000 Accounts payable (120.000 Accrued liabilities (55.000) Mortgage payable (30.0001 Net Assets 315,000 Rambler has significant experience in marketing and will contribute cash in the amount of S 340.000 Wind & Rambler agree to begin operations with equal capital bulances. The partnership agreement also indicates that the bonus method will be used to account for any changes in partner ownership The Articles of Partnership (the partnership agroement) provide that income and losses are to be allocated in the following manner: 75.000 Wind is to receive a salary of Rambler is to receive a lary of 65,000 Interest is calculated on the beginning capital balances at a rate of * The remaining gain or loss is to be allocated to Wind & 5 The main row is to be allocated to Wind & Rambler in the role of 200M + 5 100 5 250.000 Each partner is provided a menthly draw of Income for 2020 moted to Os January 2, 2021. Denner joined the parenhip by paying a total of $350,000 to Wind & Rambler directly. For this payment, Donner received a partnership Inicest of The partnership agreement was revised to tow Doen salary or Wind & Rambler les mich Interest in wallet balance at the material The remaining is to be plit Winter & Teen in the ratio of 30 Each i poded a chydw of Income for 2010 5 23300 ELMO Windows Mac Dodoms of Mathe Theme Lhanted to Meteller Wind Allied it allocaties provided do Mechelle Monthly Incer 2007 New 200M Nances the previewed The main obelis A Deer in the rate of Wachpartner is provided lyd of Income for 2031 amounted to 1.800 On January 1, 2023. Wind decided to any Donner to the end of the The changed to reflect Mechelle in the place Wind All provided to Windows Mobile Mahallesi Income for 2092 do 20.00 Neutral for each of the year 2004 2002. Statement of Schedule of collection PART 3 (20 points Toy stories and Mathew capital and properest that time and Ma New