Ex. 13.1. Formation. Assume the XY Partnership is formed on 1/1/X1 when X contributes $10K in cash and $5K in furniture and equipment, and when Y contributes $20K in cash, $10K inventory, and a $30K building subject to a $25K loan. Case 1: partner % interest = % net assets contributed. Case 2: partner % interest = % net assets contributed, but assume these are equal by using a. Bonus Method; b. Goodwill Method. Provide entries to set up the partnership