Austin Fisher contributed land, inventory, and $30,000 cash to a partnership. The land had a book value of $68,000 and a market value of $123,000. The inventory had a book value of $79,700 and a market value of $74,100. The partnership also assumed a $49,000 note payable owed by Fisher that was used originally to purchase the land.

Required:

Provide the journal entry for Fisher's contribution to the partnership. If an amount box does not require an entry, leave it blank.