Greg Thomas purchased one-half of lan Hamilon's interest in the Freidrnan and Hamilton partnership for $33,760. Prior 10 the investrnent, land was revalued to a markot value of $144,000 from a book value of $78,000. Adam Freidman and lan Hamilton share net income equaly. Hamilton had a captal balance of $27,600 priof to these transacticns. Requiled: a. On Docomber 31, provide the joumal entry for the revaluation of land." b. On December 31, provide the joumal entry to admit Thomas.* "Roter to the chart of accounts for the exact wording of the account niles. CNOW journais do not use ines for journal explanations. Every line on a joumal page is used for debit or crodit entries. CNOW foumals witt automatically indent a credit entry whon a credi amount is entered