Jack and Will Formed the JW Partnership on January 1,2013,by

Jack and Will formed the JW Partnership on January 1,2013,by combining the separate assets of their respective proprietorships.Information relating to their assets and liabilities are as follows:
$\begin{array}{c}&&&&&&\text {Jack's assets}&&&\text {Will's assets}\\\end{array}\\\begin{array}{llll}&\text { Book } & \text { Market } & \text { Book } & \text { Market } \\&\text { value } & \text { value } & \text { value } & \text { value }\\\text { Cash }&\$100,000&\$100,000&\$95,000&\$95,000\end{array}$
Net accounts
$\begin{array}{lllll}\text { receivable } & 39,000 & 37,000 & 28,000 & 36,000 \\\text { Inventory } & 60,000 & 75,000 & 55,000 & 66,000 \\\text { Land } & 50,000 & 80,000 & 75,000 & 82,000 \\\text { Buildings } & 80,000 & 70,000 & 90,000 & 90,000\end{array}$ Accumulated
$\begin{array}{cllll}\text { amortization } & 25,000 & \cdots & 30,000 & \cdots \\\text { Accounts payable } & 18,000 & 18,000 & 25,000 & 25,000\end{array}$ Prepare the balance sheet for JW Partnership on January 1,2013,immediately after the partnership entries are prepared.