Instruction Chart of Accounts Journal Instructions Craig Roberts purchased one-half of Ennis Leighton's interest in the Vale and Leighton partnership for $32,400. Prior to the investment, land was revalued to a market value of $161,870 from a book value of $86,860. Tony Vale and Ennis Leighton share net income equally. Leighton had a capital balance of $29,370 prior to these transactions Required: A On December 31, provide the journal entry for the revaluation of land." B. On December 31, provide the journal entry to admit Roberts *Refer to the Chart of Accounts for exact wording of account titles. Round your answers to the nearest do