Anderson and Smith agree to admit Lansing to the partnership with a 30% ownership interest. The following data is provided Anderson Smith Capital $80,000 $70,000 Income/Loss Ratio 60% 40% Determine Lansing's equity and record the admission under the following assumptions: Lansing invests $30,000 Calculation $30,000 (Show all work) (2 pts.) (4 pts.) Date Account Title Debit Credit