5. Gold Ltd's main area of interest is the production of glass products. Star Ltd manufactures. products that require the employment of artists with skills in fine etchings. After negotiations, on 1 July 2019 the executives of both companies reached an agreement to establish a joint operation that would be involved in the production of fine glass tableware. Under the contractual agreement, both operatars agreed to invest $420000 each in the joint operation. Each party to the joint operation would have a 50% interest in the joint operation and the output of the joint operation would be distributed equally to each operator. After the first year of operation the following information about the joint operation was provided at 30 June 2020. The joint operation also reported the following cash receipts and payments for the year ending 30 June 2020 . Required In relation to the joint operation for the ycar ending 30 June 2020 prepare the jauraal entries in the recerds of Star Ltd