Craig Roberts purchased one$-$half of Ennis Leighton's interest in the Vale and Leighton partnership for $$36,300.$ Prior to the investment, land was revalued to a market value of $$163,080$ from a book value of $$85,810.$ Tony Vale and Ennis Leighton share net income equally. Leighton had a capital balance of $$29,300$ prior to these transactions.

Required:

A$.$ On December $31,$ provide the journal entry for the revaluation of land. $*$

B$.$ On December $31,$ provide the journal entry to admit Roberts. $*$

$*$Refer to the Chart of Accounts for exact wording of account titles. Round your answers to the nearest dollar.