On December 31, 2024, Dawkins and Gear agree to combine their sole proprietorships into a partnership. Their balance sheets on December 31 are shown as follows: (Click the icon to view the balance sheets.) Read the requirements. Data Table Requirement 1. Journalize the contributions of Dawkins and Gear to the partnership. (Record debits first, then Journalize the contribution of Dawkins. Date Accounts and Explanation Debit Credit Dawkins's Business Gear's Business Current Current Market Book Value Market Value Book Value Value Dec. 31 Assets M Cash $ 16,000 $ 16,000 $ 10.000 $ 10.000 Accounts Receivable 22,000 20,000 15.000 13.000 Merchandise Inventory 47,000 30,000 53,000 121,000 30,000 Plant Assets, Net 103,000 52,000 56,000 Total Assets 212,000 $ 186.000 $ 107,000 $ 109,000 Liabilities and Owner's Equity Accounts Payable $ 22,000 $ 22,000 $ 18,000 $ 18,000 Other Accrued Payables 8,000 8,000 Notes Payable Dawkins, Capital 56,000 56,000 126,000 ? Gear, Capital 89,000 choose from any list or enter any number in the input fields and then click Check Answer. Total Liabilities and Owner's Equity $ 212,000 $ 186,000 $ 107,000 $ 109,000