The partners in Blossom Company decide to liquidate the firm when the balance sheet shows the following. Blossom Company Balance Sheet May 31, 2022 Assets Liabilities and Owners' Equity Cash $29,500 Notes payable $13,800 Accounts receivable 25,000 Accounts payable 26,600 Allowance for doubtful accounts (1,100) Salaries and wages payable 3,500 Inventory 34,800 A. Jamison, capital 32,000 Equipment 22,000 S. Moyer, capital 25,500 Accumulated depreciation-equipment (5,800 ) P. Roper, capital 3,000 $104,400 $104,400