At April 30, partners' capital balances in Sunland Partners are Dexter $49,300, Emley $29,120, and Sigle $26,880. The profit- sharing ratio is 5:3:2, respectively. On May 1, the Culver Partnership is formed by admitting Watson to the firm as a partner with 20% equity. Watson invests $26,325. Journalize the admission of Watson. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 1 (To invest cash in business.) Watson invests $39,200. Journalize the admission of Watson. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 1