4 Question 9 (6 points) Martin and Wilson are partners with capital balances as follows: Martin $150,000 and Wilson $200,000. The partners share profit and losses in a 3:2 ratio respectively. On January 1, Smith is admitted into the partnership for a 35% ownership interest in exchange for an investment of cash into the partnership. Required: Prepare the journal entry on January 1 assuming Smith invests $100,000 into the partnership. Paragraph B I UA ACCOUNT TITLES DATE GENERAL JOURNAL + v *** DEBIT CREDIT