J witt and K . torres are parnter in whole earth consultanta. Witt and Torres share income equall. L jenkins will be admitted to the partnership . Prior to the admission equipment was revalued downward by $12,000. The capital balances of each parnter are 106,000 and 141,000 respectively prior to the revaluation. a. provide the jounrnal enrty for th assets revaluation b provide the journal entry for jenkin admission under the following independent situations 1. jenkin purchased a 20% inteerest for 45,000 2. jenkin purchased a 30% interest for 135,000