appreciate the help :)

Sun and Moon agreed to form a partnership, SM Traders, as at 1 July 2019. The partnership agreement set out the following: 1. Sun to contribute a building valued at $32,000, $2,000 cash, accounts receivable of $1,500, inventory of $4,000 and brought a mortgage of $22,000. 2. Moon to contribute $8,500 cash, $500 accounts receivable, inventory of $1,000 and land valued at $6,000. The profit for the partnership for the year ended 31 December 2019 of $40,000 was divided between Sun and Moon on the ratio of 2:3 respectively. Required: a) Prepare the journal entries necessary to record the formation of the partnership on 1 July 2019. (5.5 marks) b) Prepare the journal entries to record the allocation of profit using method 2 at the year ended 31 December 2019. (2.5 marks) Narrations are not required. Ff !!! III a) Date Account Titles Debit Credit