Pea, Ed and Ome decided to form dental clinic as a partnership. Pea invested S128,600 cash and Ed provided specialized dental machine that is carried on his books at $98,400. The partners agree that the machine has a fair value of $132,000. There is a $36,000 note payable remaining on the machine to be assumed by the partnership. Although Ome has no physical asset to invest in the partnership, both Pea and Ed believe that her experience as a dentist is a valuable skill needed by the partnership and is a basis for granting her a capital interest in the partnership. Required: Assuming that each partner is to receive an equal capital interest in the partnership. Question no. 4 Record the partnership formation under the bonus method. Solution Machine Notes Payable Pea, Capital Ed, Capital Ome, Capital