8. In a limited partnership, one or more partners have unlimited liability and one or more partners have limited liability for the debts of the firm. 9. Mutual agency is a major advantage of the partnership form of business. Instructions Identify each statement as true or false. If false, indicate how to correct the statement. E12.2 (LO 1) K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $50,000 of personal cash to the partnership. Rosen owns land worth $15,000 anda small building worth $80,000, which she transfers to the partnership. Toso trans fers to the partnership cash of $9,000, accounts re- ceivable of $32,000, and equipment worth $39,000. The partnership expects to collect $29,000 of the accounts receivable. Instructions a. Prepare the journal entries to record each of the partners' investments. b. What amount would be reported as total owners' equity immediately after the investments