Beck and Cey decide to merge their proprietorships into a partnership called Fresh Start Company. The balance sheet of Cey Co. shows: Accounts…

Beck and Cey decide to merge their proprietorships into a partnership called Fresh Start Company. The balance sheet of Cey Co. shows:Accounts receivable$16,000 Less: Allowance for doubtful accounts1,200$14,800Equipment20,000 Less: Accumulated depreciation7,00013,000The partners agree that the net realizable value of the receivables is $13,500 and that the fair market value of the equipment is $11,000. Indicate how the four accounts should appear in the opening balance sheet of the partnership.