21. Formation of partnership Assume that two individuals agree to form a partnership. Partner A is contributing an operating business that reports the following balance sheet: Cash Receivables Inventories Total assets. $14,000 28,000 56,000 $98,000 Accounts payable... Accrued liabilities Total liabilities.. Net assets. $42,000 28,000 $70,000 $28,000 Partner B is contributing cash of $77.000. The partners agree that the initial capital of the partnership should be shared equally. Prepare the journal entry to record the capital contributions of the partners using both the Bonus Method and the Goodwill Method