6. Computing initial partner investments Car and Lam establish an equal partnership in both equity and profits to operate a used-furniture business under the name of C&L Furniture. Car contributes furniture inventory that cost S120,000 and has fair value of $160,000. Lam contributes S60,000 cash and delivery equipment that cost $80,000 and has a fair value of $60,000. REQUIRED Assume that the initial noncash contributions of the partners are recorded at fair market value. Compute the ending balance of each capital account under the bonus and goodwill approaches