EXERCISE 4. Journal Entries - Cash, non-cash, and industry contributions. Prepare and upload the journal entries to record contributions of Kim and Krislam into the partnership under the following independent assumptions: 1. Cash contribution amounting to P45,000 each. 2. Kim contributed P35,000 cash and a store equipment with carrying value of P27,000. Krislam contributed P15,000 cash and a delivery vehicle with a fair market value of P195,000, Kim and Krislam agreed that each depreciable asset is overvalued by P4,000. 3. Kim contributed P10,000 cash and furniture and fixtures with carrying value of P32,000. Krislam contributed P5,000 cash and a building with a fair market value of P295,000 and an unpaid mortgage of P27,500. Kim and Krislam agreed that building is undervalued by P9,000. 4. Kim contributed P25,000 cash, a store equipment with fair market value of P47,000, and delivery vehicle with a fair market value of P175,000. Krislam, an industrial partner, was to contribute her expertise in marketing