QUESTION 9 V. Deloitte and K. Touche' formed a partnership on January 2, 2022. Before the partnership formation, Deloitte and Touche' each were sole proprietors. The contribution of each partner is listed below and represent amounts immediately prior to the new partnership formation: Deloitte: CASH $90,000 $90,000 INVENTORIES 96,000 98,000 ACCOUNTS RECEIVABLE 80,000 80,000 ALLOWANCE FOR UNCOLLECTIBLES BUILDING 1,100,000 740,000 ACCUMLATED DEPRECIATION (400,000) MORTGATE ON BUILDING (350,000) (350,000) Touche': CASH $20,000 $20,000 ACCOUNTS RECEIVABLE 60,000 60,000 ALLOWANCE FOR UNCOLLECTIBLES (4,000) (5,000) INVENTORIES 30,000 27,000 NOTES RECEIVABLE DUE IN 6 MOS. 100,000 100,000 TEMPORARY INVESTMENTS PATENT 200,000 163,000 0 120,000 REQUIRED: Prepare a balance sheet, for financial accounting purposes, for the Deloitte & Touche' partnership as of January 2, 2022, the date of the formation.