Instructions Hannah Freeman and Hugo Hemandez form a partnership by combining assets of their former businesses. The following balance sheet information is provided by Freeman, sole proprietorship Hannah Freeman Proprietorship Balance Sheet June 1. 20Y3 1 Cash 574,270.00 2 Accounts receivable $141,140.00 3 Less: Allowance for doubtful accounts 7,030,00 134,110.00 4 Land 220,020,00 $74,310.00 5 Equipment Less: Accumulated depreciation equipment 44,350.00 29,960.00 7 Total assets $458,360.00 $25,100.00 + Accounts payable + Notes payable 86,030.00 LE 100 410000 Instructions Equipment Less: Accumulated depreciation equipment 1 Total assets 44.550.00 29,960,00 5458,560.00 Accounts payable Notes payable 10 Hannah Freeman capital Total liabilities and owner's equity $25,100.00 86,030,00 347,230,00 $458,560,00 Freeman obtained appraised values for the land and equipment as follows: Land $306,820 Equipment 33,925 An analysis of the accounts receivable indicated that the allowance for doubtful accounts should be increased to $9,150 Required: On December 31, journalize the partnership's entry for Freeman's investment Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every ine on a journal page is used for debitor credit entries CNOW journals will automatically indent a credit entry when a credit amount is entered