The post-closing trial balances of two proprietorships on January 1, 2020, are presented below. Sorensen Company ucas Company Dr. $11,000 14,500 Cr. Dr. $9,800 21,000 Cr. Cash Accounts receivable Allowance for doubtful accounts Inventory Equipment Accumulated depreciation equipment Notes payable Accounts payable Sorensen, capital Lucas, capital $2,500 $3,600 21,500 37,000 15,100 24,000 19,700 14,800 18,000 29,000 9,000 12,300 25,400 19,600 $84,000 84,000 $69,900 $69,900 Sorensen and Lucas decide to form a partnership, Oriole Company, with the following agree upon valuations for noncash assets. Sorensen Company Lucas Company Accounts receivable $14,500 3,700 23,000 20,500 $21,000 3,300 16,400 12,300 Allowance for doubtful accounts Inventory Equipment All cash will be transferred to the partnership, and the partnership will assume all the liabilities of the two proprietorships. Further, it is agreed that Sorensen will invest an additional $4.100 in cash, and Lucas will invest an additional $15,600 in cash. Prepare a classified balance sheet for the partnership on January 1, 2020. (List Current Assets in order of fiquidity.) ORIOLE COMPANY Balance Sheet Assets Liabilities and Owners' Equity