Assume that on March 1 , the partnership of Marsha Jenkins and Helen Kramer is considering admitting a new partner William Larson. After the assets of the partnership have been adjusted to current market values the capital balances of Jenkins is $20,000 and the capital balance of Kramer is $24,000. Jenkins and Kramer agree to admit Larson to the partnership for $31,000.In return, Larson will receive a one third equity in the partnership and will share equally with Jenkins and Kramer in partnership income and losses. a) Prepare the entry to record the admission of Larson