1. Barbara and Beverly decide to form a partnership. Barbara invested land with a market value of $100,000 and a building with a market value of $300,000. There is a $198,000 note payable associated with the building and the partnership will assume the responsibility for the note. Beverly invested $60,000 cash and equipment with a market value of $105,000 in the new partnership Required: Prepare the journal entries to record the two partners' original investments in the new partnership