Scenario: After the inception of ABC Ventures, Alice contributes $90,000 in cash and $40,000 worth of office supplies, while Bob contributes $70,000 in cash and $60,000 worth of machinery. Create a comprehensive balance sheet for ABC Ventures, post-formation, elucidating the assets, potential liabilities, and partners' equity, and analyze the financial implications of the partnership's capital contributions on its financial standing.