Penner and Torres decide to merge their proprietorships into a partnership called Sunland Company. The balance sheet of Torres Co. shows:

Accounts receivable$22,000

Less: Allowance for doubtful accounts1,540

$20,460

Equipment34,000

Less: Accumulated depreciationequip.11,900

22,100

The partners agree that the net realizable value of the receivables is $18,480and that the fair value of the equipment is $18,700. Indicate how the accounts should appear in the opening balance sheet of the partnership.