1. {16 points) Adam (A), Etetsy.r (B) and Cathy (C) decided to form a partnership, which was founded on 01f01f2015. Adam contributed cash $20,000 and inventory with market value of $30,000. B contributed a piece of land with market value of $80,000 with unpaid mortgage in the amount of $30,000. C contributed PPE with market value of $50,000 and Cs expertise is deemed to be worth of $50,000 by all the 3 partners. a. If ABC decided to use goodwill method to document the creation of the partnership, what are the journal entries and what are the values of capital under respective partneIs' names (3 points}