Blake Kredell owns and operates a retail business called Blake's Camera Shop. His post closing trial balance on December 31, 2019, is provided below. Blake plans to enter into a partnership with Carmen Santos, effective January 1, 2020. Profits and losses will be shared equally. Blake will transfer all assets and liabilities of his store to the partnership, after revaluation. Santos will invest cash equal to Blake's investment after revaluation. The agreed values are: Accounts Receivable (net). $21,500, Merchandise Inventory, $41,000; and Store Equipment, $22,000. The partnership will operate under the name Picture Perfect. BLAKE'S CAMERA SHOP Post closing Trial Balance December 31, 2019 ACCOUNT NAME DEBIT CREDIT Cash $ 20,000 $ Accounts Receivable 22,000 Allowance for Doubtful Accounts 400 Merchandise Inventory 40,000 Store Equipment 26,000 Accumulated Depreciation-Store Equip. 22,000 Accounts Payable 19,000 Blake Kredell, Capital 66,600 Totals $108,000 $108,000 1. Record each partner's investment in a general journal. 2. Prepare a balance sheet for Picture Perfect after the investments