could this please be filled out like the yellow markings. please ? thanks!

Lincoln and Rafferty formed a partnership on March 15, 2018 The partners agreed to contribute equal amounts of capital. Lincoln contributed her sole proprietorship's assets and liabilities (credit balances in parentheses) as follows: Lincoln's Business Book Value Current Market Value Accounts Receivable $ 12,200 $ 10,500 42,000 35,000 Merchandise Inventory 3,500 2,800 Prepaid Expenses Store Equipment, Net 42,000 23,000 Accounts Payable (26,000) (26,000) On March 15, Rafferty contributed cash in an amount equal to the current market value of Lincoln's partnership capital. The partners decided that Lincoln will earn 60% of partnership profits because she will manage the business. Rafferty agreed to accept 40% of the profits. During the period ended December 31, the partnership earned net income of $72,000. Lincoln's withdrawals were S36,000, and Rafferty's withdrawals totaled $26,000. Requirements 1. Journalize the partners' initial contributions. 2. Prepare the partnership balance sheet immediately after its formation on March 15, 2018 3. Journalize the closing of the Income Summary and partner Withdrawal accounts on December 31, 2018. Requirement 1: Post Ref. Date Account and Explanation Debit Credit Credit Requirement 2 Requirement 2: LINCOLN & RAFFERTY Balance Sheet March 15, 2018 Assets Liabilities Cash Accounts Payable Accounts Receivable Merchandise Inventory Prepaid Expense Store Equipment + Partners' Equity Lincoln, Capital Rafferty, Capital Total Partners' Equity Total Liabilities and Partners' Equity Total Assets Requirement 3: Post Date Account and Explanation Ref. Debit Credit