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T. Clark, N. Lewi, and F. Walker are forming The Oriole Partnership on December 1, 2024. Clark is transferring $36,000 of personal cash and equipment

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T. Clark, N. Lewi, and F. Walker are forming The Oriole Partnership on December 1, 2024. Clark is transferring $36,000 of personal cash and equipment worth $30,000 to the partnership. Lewi owns land worth $33,600 and a small bullding worth $90,000, which he transfers to the partnership. There is a long-term mortgage of $24,000 on the land and building, which the partnership assumes. Walker transfers cash of $8,400, accoukis receivable of $43,200, supplies worth $3,600, and equipment worth $32,400 to the partnership, It is agreed that the allowance for doubtful accounts should be $4.800 for the partnership: Prepare a classified balance sheet for the partnership after the partners' investments on December 1, 2024. (Libt Curnent Assets in order of Alquidity. List Property, Plont, and Equipment in onder of Land, Bullilings and Equlpment.)

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