o On January 1, 2018, Maihees contributes and in a partnership with Montes Millers pwchased the land in 2013 for $150,000 A real estate app now values the land at 5400.000 Masters wants 5400.000 capital in the new partnership, but Montis objects. Morris believes that Mahers's capital contribution should be measured by the book value of his land. Morris and Mathers seek your advice Read the resuments Requirement 1. Which value of the land is appropriate for measuring Mahero's capital book value or current market value? Maihees's capital contribution of land should be validat current market value Requirement 2. Give the partnership's journal entry to record Man's contribution in the business Record debilis flest the credits Select the explanation on the last line of the journey Date Accounts and Explanation Debit Credit 2018