Barbara Ripley and Fred Nichols decide to organize the ALL-Star partnership. Ripley imvests $24,900 cash, and Nichols contributes $13,000 cash and equipment having a book value of $4,980. Prepare the entry to record Nichols's imvestment in the partnership, assuming the equipment has a fair value of $6,640. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)