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Reddit Ventures is formed with Alice contributing $100,000 in cash and $60,000 worth of equipment, and Bob contributing $70,000 in cash and $40,000 worth of

Reddit Ventures is formed with Alice contributing $100,000 in cash and $60,000 worth of equipment, and Bob contributing $70,000 in cash and $40,000 worth of inventory. Prepare a comprehensive balance sheet for Reddit Ventures after formation, indicating the financial resources available to the partnership.

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