Jeff Davis and Trish Smith decided to enter into a business partnership. Jeff Davis contributed a car worth $20,000 (with a loan outstanding of $5,000 on it) and $10,000 cash. Trish Smith contributed $7,500 of retail inventory and $5,000 of cash. The partners will withdraw salaries of $40.000 (Davis) and $25,000 (Smith), and recognize interest on their invested ("opening") capital of 5%. Any residual profit/loss will be split 80% (Davis)/20% (Smith). Net Income for the year is $100,000. Record the journal entry to recognize each partner's contributions to the business