nem 04/07/27 Wally and Beaver form a partnership and invest the following assets and liabilities. Fair Market Value Carrying Value Wally Cash $30,000 $30,000 Land 45,000 28,000 8 Beaver Cash Building Mortgage Payable 10,000 60,000 (40,000) 10,000 52,000 (40,000) Assuming that the partners will share income and losses equally, in the journal provided prepare the entry to record the formation of the partnership