Required:

Select the correct answer for each of the following questions.

$3.$ The balance sheet for the partnership of Joan, Charles, and Thomas, whose shares of profits and losses are $40,50,$ and $10$ percent, respectively, is as follows:

$\backslash$table$[[$Assets$,\{$

$\backslash$table$[[$Liabilities and Equities$],[$Accounts Payable$]]\}],[$Cash$,$$$50,000$