Brown pays $80,000 to partners Tripper and Sprung in a privately negotiated transaction in exchange for 30% ownership. Before the admission of Brown, the other partners had the following capital accounts and profit and loss sharing percentages:

Tripper: $70,000 (60%)

Sprung: $50,000 (40%)

1. Using the book value method, show the journal entry that the partnership will record to admit Brown.