Jane Doe formed a partnership with Jack Jones to start a business offering cleaning urchased a services in Sydney. Jane contributes cash of $100,000 and equipment she p year ago for $25,000 with a current market value of $20,000. Jack contributes machinery he purchased a year ago for $40,000, with a current market value of $30,000. The partners decide to split the first $30,000 of their profits/losses in proportion to their capital contributions to the partnership, and any additional profits/losses in the proportions of 60% to Jane and 40% to Jack. Their business turns out to be quite successful, and earns a profit of $50,000 in their first year. Michael Williams is impressed at Jane and Jack's management of the business, and offers $20,000 cash to them personally for a 10% stake in the partnership. Jack and Jane accept this offer, sharing the cash equally and give Michael 10% of the partnership capital. This 10% capital is contributed in the proportion of their initial capital contributions when starting the business. The partnership earns a lower profit of S15,000 in their second year, which they agree to split in proportion to their current capital balances. Reauired: Please journalise all transactions relevant for the above events