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QUESTION 3 3. Fred, Jack and Mona formed a partnership with each partner contributing the following assets! Fred Jack Mona Book Value Fair Value Book

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QUESTION 3 3. Fred, Jack and Mona formed a partnership with each partner contributing the following assets! Fred Jack Mona Book Value Fair Value Book Value Fair Value Book Value Fair Value $1,000 $1,000 $900 $500 $3,000 $3,000 Accounts Pay 2001 200 100 100 Equipment 1,800 2,000 2,800 3,000 5,000 4,800 What is the partnership's total equipment balance after the formation of the partnership? 000 co $9.800 $9,600 $4,800

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