I' Gavin invested $40,000 in the Jason and Kelly Partnership for ownership equity of $40,000. Prior to the Investment, land was revalued to a market value of $275,000 from a book value of $176,000. Jason and Kelly share net income in a 1:2 ratio. a. Provide the journal entry for the revaluation of land. If an amount box does not require an entry, leave it blank. R: an 000 b. Provide the journal entry to admit Gavin. v _ _v. :3 D