K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is investing $55,000of personal cash to the partnership. Rosen owns land with a fair value of $16,500and a small building with a fair value of $88,000, which she transfers to the partnership. Toso transfers to the partnership cash of $9,900, accounts receivable of $35,200, and equipment with a fair value of $42,900. The partnership expects to collect $31,900of the accounts receivable.

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Prepare the journal entries to record each of the partners' investments.(Credit account titles are automatically indented when the amount is entered.Do not indent manually.)

What amount would be reported as total partners' equity immediately after the investments?

Total partners' equity