Jen is investing in a partnership with Lisa. Jen contributes equipment that originally cost $65,000 and has accumulated depreciation of $20,000, thus giving it a book value of $45,000, and has a fair value of $52,000. The entry to record Jens initial contribution to the partnership includes a

1.debit to Equipment for $45,000.

2. credit to Accumulated Depreciation for $20,000.

3. debit to Equipment for $32,000.

4. debit to Equipment for $52,000.