louis davis is a dentist with a practice in a small town in manitoba recently he separated from his wife and they are currently negotiating how they will divide their/

Required:
a. Use the information provided to prepare a balance sheet for Louis’ dental practice.
Provide an explanation for why you classified each item as you did (asset, liability, equity). The difference between assets and liabilities will give you Louis’ equity.
b. As a judge in this case, how would you use the balance sheet in deciding how to value Louis’ practice?
c. What additional information would you as judge might want before deciding how to value Louis’ practice?