5B.)Jay and Kay partnership's balance sheet at December 31, 2018 reported the following: Total assets Total liabilities Jay, capital Kay, capital 120,000 20,000 40,000 40,000 On January 2, 2019, Jay and Kay dissolved their partnership and transferred all assets and liabilities to a newly formed corporation. At the date of incorporation, the fair value of the net assets was $12,000 more than the carrying amount on the partnership's books, of which $7,000 was assigned to tangible assets and $5,000 was assigned to goodwill. Jay and Kay were each issued 10,000 shares of the corporation's $1 par value common stock. Immediately following incorporation, additional paid-in-capital in excess of par should be credited for how much? Answer-8 points (show calculation)