A partnership has total partners' equity of $$20,000,$ which consists of the balances in the following dashboard. The partners share net income and loss in a ratio of $60\%$ to Chase and $40\%$ to Lance. On January $2,$ Pita is admitted to the partnership and given a $20\%$ interest in equity and a $20\%$ share in income and loss.

Enter answers for the following:

Prepare the journal entry to record the admission of Pita assuming that Pita invests $$5,000$ cash.