I need the answers to the blanks on the Excel spreadsheet.

Problems: Series A PR 12-1A Entries and balance sheet for partnership On March 1, 20Y8, Eric Keene and Rence Wallace invest $23,400 in cash and merchandise inventory valued at $62,600. Wallace investsces to business assets at valuations agreed upon, transfers business liabilities, and c sufficient cash to bring her total capital to $60,000. Details regarding the book va the business assets and liabilities, and the agreed valuations, follow: OBU.2 form a partnership. Keene agrees Keene net me, $33,800 Cert contribu ain tes values of Excel Wallace's Ledger Agreed-Upon Balance $19,900 1,200 83,500 29,800 15,000 37,500 Valuation $19,500 1,400 55,400 15,000 37,500 General edger Accounts Receivable Allowance for Doubtful Accounts Equipment Accumulated Depreciation-Equipment Accounts Payable Notes Payable (current) Show Me How The partnership agreement includes the following provisions regarding the division of net income interest on original investments at 10% salary allowances of $19,000 (Keene) and $24,000 (Wallace), and the remainder equally Instructions 1. Journalize the entries to record the investments of Keene and Wallace in the partner 2. Prepare a balance sheet as of March 1, 20Y8, the date of formation of the partnership ship accounts of Keene and Wallace. 3. After adjustments at February 28, 20Y9, the end of the first full year of operations, the revenues were $300,000 and expenses were $230,000, for a net income of $70,000 The drawing accounts have debit balances of $19,000 (Keene) and $24,000 (Wallace Journalize the entries to close the revenues and expenses and the drawing accounts at February 28, 20Y9