Floyd and Merriam start a partnership business on June 12, 2019. Their capital account balances as of December 31, 2020 stood as follows: Floyd $48,000 Merriam 15,000 Floyd and Merriam share profits and losses equally. They agreed to dissolve the partnership and start a new one, admitting Ramelow for one-half share in the capital in exchange for land with a market value of $59,000. Which of the following is the correct journal entry to record the introduction of Ramelow as a partner? 29,500 29,500 59,000 59,000 59,000 O A. Merriam, Capital Floyd, Capital Ramelow, Capital O B. Land Ramelow, Capital O C. Land Merriam, Capital Floyd, Capital Ramelow, Capital OD. Floyd, Capital Ramelow, Capital 59,000 1.000 1,000 61,000 59,000 59,000