Josh Beach contributed land,inventory, and $24,000 cash to a partnership. The land has a book value of $65,000 and a market value of $114,000. The inventory han a book value of $60,000 and a market value of $56,000. The partnership also assumed a $50,000 payable owed by Beach that was used originally to purshase the land. Provide the journal entry for Beach's contribution to the parnership