1. Jai, an owner of twelve hectares of land needed capital to start an agribusiness venture.He needs cash for farm equipment and working capital, thus, asked Jeffrey and Joy to invest in a partnership, which they plan to name Triple J Farms.In a meeting held, the partners decided that Jai's capital will be credited with the market value of the farm which is twice its acquisition cost of P500,000 While Jai will tend the farm, Joy, with a net worth of P1,000,000,000, will contribute her talent as renown marketer locally and overseas; she will share one-third of the profits.Jeffrey, who is a multi-millionaire will contribute two times the acquisition cost of Jai's farm and .025% of Joy's net worth. (I have a problem classifying how much to record for Joy's Capital)