Journalizing Partner's Original Investment Xi Lin contributed land, inventory, and $32,000 cash to a partnership. The land had a book value of $76,000 and a market value of $138,000. The inventory had a book value of $56,500 and a market value of $52,500. The partnership also assumed a $55,000 note payable owed by Lin that was used originally to purchase the land. Required: Provide the journal entry for Lin's contribution to the partnership. If an amount box does not require an entry, leave it blank.