Jones Inc. and Jeffrey Inc. form a jointly owned partnership, called JJ. Under the partnership agreement, both Jones and Jeffrey have joint control over the joint venture and have rights to the assets, responsibility for the liabilities and share in the revenues and expenses of the joint venture according to their ownership percentages, which is 55% for Jones and 45% for Jeffrey. During 20X2, Jones sold merchandise totaling $100,000 to JJ and recorded a 30% gross profit on these sales. On December 31, 20X2, the inventory purchased from Jones had been completely sold by JJ. In its financial statements What  Jones should do?