ao The trial balances of two proprietorships on January 1, 2017, follow: Domic CompanyDasilva Company Dr. Cr. Dr. $9,700 25,200 Cr. $12,000 13,800 Cash Accounts receivable Allowance for doubtful accounts Merchandise inventory Equipment Accumulated depreciation-equipment Accounts payable I. Domic, capital P. Dasilva, capital $3,040 $5,630 11,300 41,700 15,500 32,200 24,600 11,000 40,160 12,700 34,500 29,770 $78,800 $78,800 $82,600 $82,600 Domic and Dasilva decide to form a partnership on January 1 and agree on the following valuations for the noncash assets that they are each contributing: Accounts receivable-net realizable value Merchandise inventory Equipment Domic $9,740 13,610 18,940 Dasilva $21,890 13,270 16,030 All of the assets in each of the proprietorships will be transferred to the partnership. The partnership will also assume all the liabilities of the two proprietorships. Domic and Dasilva are also agreed that Dasilva will invest the amount of cash required so their investments in the partnership are equal. Prepare separate journal entries to record the transfer of each proprietorship's assets and liabilities to the partnership on January 1.(Credit arrn