Jack Tyler operates a store that sells computer software. Tyler has agreed to enter into a partnership with Oliver Preston, effective January $1,20$X$1.$ The new firm will be called Global Computing. Tyler is to transfer all assets and liabilities of his firm to the partnership at the values agreed on$.$ Preston will invest cash that is equal to $75$ percent of "Yler's investment after revaluation. The accounts shown on Tyler's books and the agreed$-$on value of assets and liabilities are shown below.

$\backslash$table$[[,,\backslash$table$[[$Balances$],[$Shown in$],[$Tyler$\text{'}$s$],[$Records$]],\backslash$table$[[$Value$],[$Agreed to$],[$by$],[$Partners$]]],[$Assets Transferred,,,$$34a9a$