Amber Wick, Jean Tahir, and Oscar Wojciak decide to form a T-shirt design partnership. Wick figures this T-shirt design business will help her other company, Nature Gnome Company, with any T-shirt design needs. Additionally, Tahir and Wojciak have connections with many companies, and can expand and grow this new partnership. Each of the three partners contributes $16,000 cash to start up the WTW partnership. They agree to share profits in two steps. First, Tahir will receive $8,000 and Wojciak will receive $14,000 because they will do most of the graphic design work. Any remaining profits or losses will be shared 1.2.3 for Wick, Tahir, and Wojciak. The business starts on January 1, 2021. On December 31, 2021, the business posted a loss of $14,000. Wick decides to withdraw from the partnership on December 31, 2021. Tahir and Wojciak agree to give Wick $4,500 for her equity interest Required Requirement 1. Journalize the contribution of the partners in the partnership on January 1, 2021. Record the January 1, 2021 entry. (Record debits first, then credits. Explanations are not required. Round to the nearest cent if needed.) Journal Entry Date Accounts Debit Credit Jan. 1 Choose from any list or enter any number in the input fields and then continue to the next