2. Luqmaan and Idris drafted a partnership agreement that lists the following assets contributed at the partnership's formation: Contributed by Luqmaan Idris Cash $20,000 $30,000 Inventory 0 15,000 Building 0 40,000 Furniture & Equipment 15,000 0 The building is subject to a mortgage of $10,000, which the partnership has assumed. The partnership agreement also specifies that profits and losses are to be distributed evenly. Give journal entries.? (10 points). 3. In the ABC partnership (to which Daniel seeks admittance), the capital balances of Albert, Bert, and Connell, who share income in the ratio of 5:3:2 are: Albert $500,000 Bert 300,000 Connell 200,000 Required: Based on the preceding information, what amount of goodwill will be recorded if Daniel invests $450,000 for a one-third interest? (8 points) MUST SHOW WORK