Knoll and Wayne are forming a partnership to develop a theme park near Fair City, Florida. Knoll contributes cash of 1750000 and land with a current market value of 13000000. When Knoll purchased the land in 2021, its cost was 6000000. The partnership will assume Knoll's 3000000 note payable on the land. Wayne contributes cash of 3750000 and equipment with a current market value of 9250000. Requirement 1. Journalize the partnership's receipt of assets and liabilities from Knoll and from Wayne