PART A-Starting partnerships and dividing income On January 1, 2022, Steve Pippy and Mark Furlong agreed to pool their assets and form a partnership called F&P Consulting. They agree to share all profits in a 3:2 ratio and make the following initial investments. Cash Pippy $ 58,000 Furlong $33,000 Accounts receivable 2,000 8,000 Equipment 13,000 8,800 Software & Computers 7,500 3,200 On December 31, 2022, the partnership reported a net income for the year of $63,000. Instructions Journalize the following transactions: (1) the initial contributions to the partnership by Furlong and Pippy on Jan 1, 2022. (2) the division of the net income to the partners at the end of December 2022. (3) Based on starting Capital, what is a more appropriate income ratio? (no journal entry needed, just explain your answer) Focus